Oppenheimer Maintains a 'Perform' on Best Buy (BBY); Clearly A Fluid Situation
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Best Buy (BBY) Slumps as Founder Schulze Sells 2.1M Shares
August 28, 2012 2:32 PM EDTBest Buy (NYSE: BBY) founder Richard Schulze filed a Form 4 with the U.S. SEC disclosing a recent large sale.
According to the filing, Schulze sold 2,090,909 shares on July 23rd, for an average price of $18.3. Gross proceeds on the sale were $38.3 million.... More
Best Buy (BBY) Grants Schulze Non-Exclusive Due Dilligence Info Rights
August 27, 2012 9:14 AM EDTBest Buy Co., Inc. (NYSE: BBY) and founder Richard Schulze announced that they have reached an agreement under which Mr. Schulze will be granted access to certain due diligence information and permission to form an investment group with private equity sponsors in furtherance of making a fully financed proposal to acquire the Company.
Best Buy stated that the agreement establishes a non-exclusive, orderly process which satisfies the requests made by Mr. Schulze, while at the same time protecting the interests of all shareholders.
Mr. Schulze stated that he was... More
