Best Buy (BBY) Aims for Stronger Online Sales this Holiday, Brings in Talented Exec to Lead (EXPE) (AMZN)
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Schulze, 4 Private Equity Firms Mull $11 Billion Bid for Best Buy (BBY)
October 3, 2012 7:05 AM EDTEmbattled big-box retailer Best Buy (NYSE: BBY) is back in the news today thanks to renewed reports that founder Richard Schulze and a number of private equity firms... More
Best Buy (BBY) Founder Schulze Struggles to Finance Proposed Buyout Offer
September 17, 2012 7:51 AM EDTBest Buy Co. (NYSE: BBY) shares are slightly weaker Monday morning as the intentions of founder Richard Schulze to takeover the big box retailer appear to be harder to... 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 pleased that... More
