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Best Buy Co., Inc. Message Board

  • nusaiba nusaiba Nov 20, 2012 12:58 PM Flag

    Schulze and former Best Buy Chief Executive Officer Brad Anderson are meeting this week with current Best Buy CEO Hubert Joly, said two of the people

    Schulze and former Best Buy Chief Executive Officer Brad Anderson are meeting this week with current Best Buy CEO Hubert Joly, said two of the people. Anderson is taking a growing role in Schulze’s effort to line up investors in a buyout, said one of these people.

    Schulze, who still owns more than 20 percent of the retailer, offered Aug. 6 to take Best Buy private at $24 to $26 a share. Its falling stock price and declining earnings have made some directors more willing to pursue a deal with Schulze, a person familiar with the matter said last week. Best Buy sank 8.7 percent to $12.55 at 9:31 a.m. in New York.

 
BBY
39.01+0.5300(+1.38%)Dec 19 4:05 PMEST

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