UBS Maintains a 'Neutral' on Best Buy (BBY); What Reviews Will This Drama Garner?

August 17, 2012 1:38 PM EDT Send to a Friend
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Price: $38.03 +0.03%

Rating Summary:
    16 Buy, 8 Hold, 4 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 13 | Down: 17 | New: 41
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UBS maintains a 'Neutral' on Best Buy (NYSE: BBY) price target of $20.00.

Analyst, Michael Lasser, asks a question: What reviews will this drama garner?

Yesterday, founder and former Chairman, Richard Schulze, sent a letter to Best Buy's board of directors. Schulze requested specific due diligence information as he has made a bid to acquire all BBY shares for $24 to $26 (per share in cash). He mentioned being able to finance the deal with a combination of private equity investment, debt financing and $1 billion of his own equity. Credit Suisse expressed interest in participating (with the debt financing part).

For an analyst ratings summary and ratings history on Best Buy click here. For more ratings news on Best Buy click here.

Shares of Best Buy closed at $20.41 yesterday.


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