Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

CompUSA Announces Good Guys Acquisition
Sep 30, 2003
 Printable format
 Email this Article
 Search

CompUSA reached an agreement to acquire California, U.S.-based consumer electronics chain, Good Guys Inc. Good Guys currently operates 71 stores throughout California, Nevada, Oregon, and Washington. CompUSA will reportedly purchase all outstanding Good Guys stock for U.S. $2.05 per share in cash.

"At CompUSA, we're currently expanding our merchandise mix to include the latest entertainment technology. The acquisition of Good Guys is an exciting piece to our long-term growth game plan. We want to offer the seamless technology solutions our customers' lifestyles demand and, with Good Guys' solid reputation in delivering high-end entertainment technology, our offering just becomes that much stronger," said Hal Compton, CEO of CompUSA.

If approved by Good Guys' shareholders and regulatory authorities, the transaction will be funded by cash available at U.S. Commercial, CompUSA's parent company. The resources needed for the acquisition, along with additional capital, will be infused into CompUSA by U.S. Commercial, according to CompUSA.

Back to Daily News

 

Daily News

...........................................................

Aug 29, 2014: Adaptive Frequency Drive Increases Trane Chiller Efficiency

Aug 29, 2014: Vitamix President Receives Entrepreneur of the Year Award

Aug 28, 2014: LG Heat Pump Clothes Dryer Earns Emerging Technology Award

Aug 28, 2014: Early Snowthrower Demand Boosts Toro Sales

Aug 27, 2014: Sustainability Standard Launched for Household Portable and Floor Care Appliances

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows