7/1/2008 6:16:00 PM
Carphone shareholders approve Best Buy deal
Carphone Warehouse shareholders have given their approval for Best Buy’s £1.1billion deal to buy half of the retail giant following an extraordinary general meeting (EGM).
The move will see American retail giant Best Buy open stores in the UK and Europe starting later this year.
A Carphone spokesman said: ‘The EGM has given the rubber stamp for the plans.
‘In autumn we will be doing a presentation to both analysts and the media to discuss the Best Buy proposition.
‘We will disclose store locations, number of stores and the products they will range.’