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Best Buy Co., Inc. Message Board

  • kemetw kemetw Jan 13, 2013 7:19 PM Flag

    Just 1 view. If you take a look at the events....

    Board members recently make way for the new board members after the takeout
    Mgt said the delay in a potential offer was in the interest of both sides...
    In other words, we won't accept below 20... Private equity was not going to offer a 90 percent let the holiday news come out to have the market raise the stock price positioning the offer at a more palatable 30 percent premium at 20.
    Just one guess/view

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    • Very plausible scenario.

      It was very telling that two board members have left. That's the number of seats which the BOD originally promised Schulze.

      I still believe the original offer will come in at $17/20 share. The BOD may very well reject it and Schulze will go straight to the shareholders.

      One can't ignore Schulze's ego in all of this.

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