Think Schulze is No Longer Vying for Best Buy (BBY)? Think Again
The Star Tribune reports today that a deal is "still on the table" and that both sides are working toward an agreement.
Schulze is also said be be working on options outside of acquiring all of Best Buy, which may include seeking an outside investors willing to take a "sizable" stake in the company.
Since the start of 2013, Best Buy shares are up over 46 percent to a close of $17.33 on Tuesday. Despite the gains, those that have been following the saga know that Schulze was mulling a bid in the mid-$20 range, though that estimate went down as Best Buy shares fell closer to the $10 level. For some perspective on Schulze's moves, click here.
Shares of Best Buy are up about 2 percent early Wednesday.