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EDEN PRAIRIE, MN-Best Buy Co. says 98% of the shares of Burnaby, BC-based Future Shop Ltd. have been tendered in favor of its offer to buy the consumer electronics chain. A total of 32.8 million common shares of Future Shop had been tendered as of the Wednesday expiration for $10.80 per share.

That adds up to a $354-million entry fee into the Canadian market for Best Buy.

Best Buy expects to take up all these Future Shop and remaining shares by Sunday, when Future Shop is expected to become a wholly-owned subsidiary of Best Buy. The consumer electronics retailer, with more than 1,700 stores nationwide, is buying the 91-store chain as a way to quickly enter the Canadian market.

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