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Best Buy Co., Inc. Message Board

  • schulze2121 schulze2121 Feb 8, 2013 12:20 PM Flag

    Possible Buyout

    Let's face it, Schulze has tremendous incentive to do a deal if for no other reason he owns 20% of the Company and does not want a $12 stock price either.

    It is in his best interest to wait until the last day possible to make an offer as that way he is aware of more information about the deal.

    He has a confidentiality agreemnet so he has access to Company information thru February 28th.

    If stock falls a little bit before Feb 28th it just makes his offer look better to shareholders.

    Sentiment: Strong Buy

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    • I agree and believe the most likely date for a possible buyout announcement is Feb 28th.

      Since retailers know chain wide sales on a daily basis he would have the most up to date information by waiting. As people get nervous stock may drop and yes that does make his bid look better.

      Sentiment: Strong Buy

      • 1 Reply to bradanderson849
      • They already know the numbers, they are just not public. Only thing they may want to do is to give more opportunity to Funds (who have to approve buyout) to get more money on Options, but since that activity is currently slim, he may do it anytime (if he does it at all).

        He may also have less incentive to bring the offer if the results are good, because stock price will go up regardless.

        Sentiment: Buy

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