Best Buy (BBY) Ticks Lower on Chairman, Founder Schulze Resignation

June 7, 2012 9:12 AM EDT
Best Buy (NYSE: BBY) shares are initially indicated for a higher open following just-released news its founder and chairman Rich Schulze will be resigning.

Schulze will also explore options for his 20.1 percent stake in the big box retailer.

Shares of Best Buy are indicated 5 percent lower in early trading.


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