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Dick Smith administrators call for bids from buyers by Jan. 27

Published 08/01/2016, 06:10 pm
Updated 08/01/2016, 06:20 pm
© Reuters.  Dick Smith administrators call for bids from buyers by Jan. 27
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MELBOURNE, Jan 8 (Reuters) - Administrators for failed Australian electronics retailer Dick Smith DSH.AX have called for bids from potential buyers by Jan. 27, Ferrier Hodgson said on Friday.

"Ferrier Hodgson, as receivers for Dick Smith, will be placing advertisements online and in national and international newspapers next week to invite expressions of interest for the Dick Smith and Move businesses in Australia and New Zealand, to be submitted on or by 27 January 2016," it said.

"This process is expected to continue well into February 2016."

Australia's biggest electronics retailer went into voluntary administration on Tuesday after its lenders refused to shore it up amid falling sales.

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