Woolies sells Dick Smith for a bargain

By Chris Zappone
Updated September 29 2012 - 11:09pm, first published September 28 2012 - 3:00am
Hoping for a better price ... Woolworths has sold electronics chain Dick Smith after an eight-month search for a buyer.
Hoping for a better price ... Woolworths has sold electronics chain Dick Smith after an eight-month search for a buyer.

WOOLWORTHS is selling the electronics chain Dick Smith to the private equity group Anchorage Capital Partners for a bargain price of $20 million, ending an eight-month search for a buyer.

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