Schulze Having Serious Trouble Financing Best Buy (BBY) Takeover
According to reports Best Buy (NYSE: BBY) founder Richard Schulze is having trouble securing financing for his planned takeover of the retailer. According to sources cited by Reuters, attempts failed, and alternative strategies that include a minority interest may not work out either.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- UPDATE: Dr Pepper Snapple Group (DPS) Said in Talks to Buy Bai Brands - Reuters
- DuPont (DD), Dow Chemical (DOW) Said Expected to Get Formal EU Objections - Bloomberg, Citing MLEX
- TGP Exits $2B Race for McDonald's (MCD) China Business - Bloomberg
Create E-mail Alert Related CategoriesMergers and Acquisitions, Rumors
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!