The bid was scheduled to expire this month, and will now be extended to Oct. 31. Future Shop is Canada's largest consumer electronics chain with 89 stores.

Best Buy plans to convert the stores to the Best Buy name, and plans to build an additional 30 stores in Canada.

NOT FOR REPRINT

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