Lenders wanted Cereberus to put up more money and they refused, so financing backed out. It does free them to devote more capital to BBY. Difference with BBY is Schulze ready to put his 20 percent stake down; BBY also has a billion in foreign assets that could be pledged. No reason they should not get financing. PE could kick in for a total fifty percen or sot down payment at 20 bucks per share. Lenders should like that especially after killer holiday / 4th quarter and plenty of cash in the bank
He's already secured the money. This is just classic M&M's at work before the deal goes down. All these negative unconfirmed reports will keep coming around just like they did in qcor almost a month ago. Hang on and get rid of your stops and buy on dips.