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EDEN PRAIRIE, MN-Best Buy Co. says it won clearance from the Canadian Competition Bureau for its $377-million acquisition bid for Future Shop Ltd., the big consumer electronics retailer in Canada. The consumer electronics retailer recently decided to buy the 91-store Canadian chain in lieu of plans to build 65 stores in Canada.

The deal initially had been expected to be complete last month before it wasdelayed by regulatory review. The takeover bid for all issued and outstanding common shares of Future Shop at $10.79 per share is scheduled to expire Oct. 31. The company anticipates that all conditions to the takeover bid will be satisfied by the expiration date, including the required approvals by Canadian Heritage and Industry Canada.

Once that is done, Best Buy will be able to complete the deal.

Best Buy, which recently bought the Musicland chain, has 1,700 stores.

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