That adds up to a $354-million entry fee into the Canadian market for Best Buy.

Best Buy expects to take up all these Future Shop and remaining shares by Sunday, when Future Shop is expected to become a wholly-owned subsidiary of Best Buy. The consumer electronics retailer, with more than 1,700 stores nationwide, is buying the 91-store chain as a way to quickly enter the Canadian market.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.