The Five Star Chinese retail chain that is 75% owned by giant US consumer electronics retailer Best Buy has put in a none binding bid to buy Australian retailer Dick Smith, the offer is believed to have been accepted by the receiver Ferrier Hodgson who is waiting on acceptance by the banks who placed the mass retailer into administration.
http://www.smartoffice.com.au/busin...fer-for-dick-smith-tipped-to-be-accepted.aspx
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