Reuters firms up investor speculation that following a sharp fall in Best Buy's (BBY) share...

|About: Best Buy Co. (BBY)|By:, SA News Editor

Reuters firms up investor speculation that following a sharp fall in Best Buy's (BBY) share price, founder Richard Schulze could make a lower bid for the retailer than the $24-$26 he suggested in August. That would have valued the deal at $8.16B-$8.84B, or up to $10.9B including debt. P-E firms Apollo, TPG and Leonard Green could join Schulze, although Cerberus has dropped out. A bid's not expected before December.