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Best Buy Co., Inc. Message Board

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  • uncle.bubs uncle.bubs Dec 1, 2012 8:45 AM Flag

    Financing not the issue, big investors buying in, looking good thus far...

    Moreover, Best Buy's weak Q3 may paradoxically be a boon for shareholders by clarifying the company's value. Whereas many analysts initially thought that Schulze's intended buyout range of $24-$26 was too low to succeed, with shares having fallen below $12, a buyout offer around $18 per share is now likely to garner sufficient support from shareholders and directors. This still offers a premium of more than 50% on the current share price. At $18, it should be much easier for Schulze to line up sufficient equity and debt financing for a buyout. If he retains his 20% stake, Schulze would need to secure less than $5 billion of capital at $18/share.

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