real-time news and commentary for investors
Tuesday, Nov 20
2012, 2:48 AM
Richard Schulze is now reportedly working separately with P-E firms Cerberus, TPG Capital and...
Richard Schulze is now reportedly working separately with P-E firms Cerberus, TPG Capital and Leonard Green on a bid for Best Buy (BBY) despite previous speculation saying Cerberus had dropped out. Apollo (APO) and KKR are unlikely to collaborate with Schulze on an offer. He's asked Best Buy for a 30-day extension on an upcoming deadline to complete his due diligence so he can see how well the holiday sales go.