Schulze Said to Enlist Cerberus to Help Cement Best Buy Bid
Bloomberg News November 20, 2012
Best Buy Co. founder Richard Schulze is working with three private-equity firms, including Cerberus Capital Management LP, on a takeover of the electronics chain as his deadline to review the company’s finances nears, said people familiar with the matter.
Schulze has said nothing since August. All the quotes are from 'people involved'. It means rumors based on... rumors.
Schulze is silent, while his acts are shouting - no buyout. He insisted on urgency in August, then got lost for 3 month, and now is 'reportedly' going to request one more month of 'extension'. No any official statement so far, only rumors from 'people involved'. Looks like the guy is just playing the old game - hedge you stake and let whatever happen later.