Best Buy (BBY), Schulze Said to Break-Off Talks...For Now
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Schulze Says Best Buy (BBY) Did Not Accept Terms of PE Firms, Wants to See Company Succeed
March 1, 2013 12:01 PM ESTFounder Richard Schulze filed an amended 13D with the U.S. SEC for Best Buy Co., Inc. (NYSE: BBY) today. The filing read, in part:
Over the course of the past several months, Mr. Schulze facilitated various offers that would... More
Best Buy (BBY) Received 'No Such Offer' from Schulze
March 1, 2013 8:15 AM ESTBest Buy Co., Inc. (NYSE: BBY) says it received "no such offer" from founder and former Chairman Richard Schulze.
"The deadline by which Mr. Schulze could make an offer to acquire the company expired yesterday, February 28, 2013, at the end of... More
Schulze's Plans for Best Buy (BBY) are Collapsing All Around Him
February 26, 2013 4:44 PM ESTBest Buy (NYSE: BBY) is trading even lower Tuesday night following reports that a takeover attempt by founder Richard Schulze might not happen after all.
And it all has to do with financing arrangements.
According to Reuters,... More
Schulze Having Serious Trouble Financing Best Buy (BBY) Takeover
February 26, 2013 4:44 PM ESTAccording to reports Best Buy (NYSE: BBY) founder Richard Schulze is having trouble securing financing for his planned takeover of the retailer. According to sources cited by Reuters, attempts failed, and alternative strategies that include a minority interest may not work out either.... More
Best Buy (BBY) Postpones Q4 Report; Will Give Schulze Feb. 28th to Respond
February 26, 2013 2:33 PM ESTBest Buy Co., Inc. (NYSE: BBY) is postponing Q4 earnings from February 28th to March 1st. The company is giving founder Richard Schulze the entire day of February 28th to reply to the company.
Shares of Best Buy are down 3 percent after announcing plans to cut 400 positions earlier.... More
Think Schulze is No Longer Vying for Best Buy (BBY)? Think Again
February 20, 2013 7:48 AM ESTBest Buy (NYSE: BBY) might be headed higher Wednesday following reports that founder Richard Schulze might not be out of the mix quite yet.
The Star Tribune reports today that a deal is "still on the table" and that both sides... More
