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December 7, 1993

DIXONS ISSUES WRIT AGAINST PC WORLD VENDORS, RECKONING IT PAID TOO MUCH

By CBR Staff Writer

Dixons Group Plc has issued a writ against the founder of computer retail chain PC World, which it bought at the end of February this year. The writ, which is being held by Dixons in the law courts and not yet served, claims breach of contract by Jan Murray Obodynski and his relatives Richard and Jaqueline. It also claims for damages and interest for misrepresentations made to Dixons by the Murrays. According to Murray, Dixons bought PC World after seeing the accounts up until the year ending August 1992. At the time when Dixons bought PC World, the accounts for the half-year were not ready, and Murray says that Dixons took on the task of preparing the accounts. Murray said that neither company’s auditors would approve the accounts after they had been produced by Dixons. If Dixons came to us tomorrow and asked us for their money back, we’d buy PC World, said Jan Murray, who was excluded from working in the UK computer industry for a long time as part of the deal. We should have sold it to them for more money, he said, adding that at the time the company sold it, the industry was still in the tail-end of recession. Dixons refused to make any comment on the issue.

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