Original article by Eli Greenblat
The Australian – Page: 19 & 22 : 14-Sep-16

JB Hi-Fi will finance the acquisition of The Good Guys via a capital raising and a $A450m debt facility. The listed consumer electronics and home entertainment group will raise $A394m from investors, with the new stock to be issued at $A26.20 apiece. JB Hi-Fi anticipates annual cost savings of between $A15m and $A20m as a result of the $A870m acquisition of The Good Guys. The deal will increase JB Hi-Fi’s sales to $A6bn a year and lift its share of the consumer electronics and household appliances market.

CORPORATES
JB HI-FI LIMITED – ASX JBH, THE GOOD GUYS, HARVEY NORMAN HOLDINGS LIMITED – ASX HVN, OPHIR ASSET MANAGEMENT PTY LTD, ALPHINITY INVESTMENT MANAGEMENT PTY LTD