Best Buy (BBY) Moves Higher as Schulze's $24-$26/Share Bid Gains Traction
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Price: $85.89 +0.19%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 5.3%
Revenue Growth %: +1.1%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 5.3%
Revenue Growth %: +1.1%
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Best Buy Co. (NYSE: BBY) shares are trading higher Thursday following a letter issued earlier by Richard Schulze that he found financing for his proposed $24 - $26 per share bid for the big box retailer.
In addition, Schulze requested due diligence information from Best Buy.
Schulze said his bid would be "financed through a combination of private equity investment, my own substantial equity investment and debt financing."
Best Buy shares are up 2.6 percent early.
In addition, Schulze requested due diligence information from Best Buy.
Schulze said his bid would be "financed through a combination of private equity investment, my own substantial equity investment and debt financing."
Best Buy shares are up 2.6 percent early.
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