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Best Buy Co., Inc. Message Board

  • nusaiba nusaiba Nov 20, 2012 2:05 PM Flag

    shulze put a bid to bby board of directors at $18

    November 20, 2012 13:57 PM EST

    Pictured Right, BBY Founder Schulze

    Get Alerts BBY Hot Sheet
    Price: $12.00 -12.73%

    Financial Fact:
    Diluted (in dollars per share): 0.04

    Today's EPS Names:
    ZOOM, RAVN, KBX, More With Best Buy (NYSE: BBY) slumping, what's left for the retail giant? Not much, but at least one person is smiling from ear to ear.

    That person, is founder Richard Schulze.

    On Monday, market speculation held that Schulze, whom said he would place a bid for all of Best Buy at $24 to $26 per share last August, would not be able to submit a much lower bid of $20 per share, or aggregate value of $6.7 billion.

    The NY Post reported that even newly-dubbed CEO Hubert Joly said $20 per share would be a "good outcome."

    Best Buy appears to be trading at $13.21 early, meaning $20 per share would offer over 50 percent premium. Might Schulze even go lower at $18
    .

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BBY
39.14+0.250(+0.64%)Dec 26 4:03 PMEST

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