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A letter sent by Best Buy founder Richard Schulze to the company's board says Credit Suisse is...

A letter sent by Best Buy founder Richard Schulze to the company's board says Credit Suisse is "confident" it can scrap together the financing needed to help take the company private. NBG's Brian Sozzi warns the unwillingness of board to cooperate signals a buyout is "no slam dunk" as the retailer's steep challenges still remain. BBY +23.1% to $21.86, below the reported buyout range of $24-$26.
Comments (2)
  • Paulo Santos
    , contributor
    Comments (17883) | Send Message
     
    Just today, SA published a market current showing how hot the high yield market is. This deal will generate high yield supply, there will be people all over it to finance it - the deal is much more likely to go through than the market is pricing it to be.
    6 Aug 2012, 11:35 AM Reply Like
  • A Newell
    , contributor
    Comments (481) | Send Message
     
    The vultures are circling!
    6 Aug 2012, 11:40 AM Reply Like
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