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Best Buy (BBY -9.8%) founder Richard Schulze is still working on a buyout offer for the...

Best Buy (BBY -9.8%) founder Richard Schulze is still working on a buyout offer for the electronics chain, a source tells Bloomberg. Shares fell to 10-year lows today, apparently on speculation Schulze's offer might not pan out. Reuters reported last week Schulze might end up bidding at a price below the $24-$26/share range he previously suggested. (earlier)
Comments (1)
  • The current leadership continues to drive the price to a 10 year low, why would Dick pay twice the stock price when he can wait until next summer and pay 1/2 his original offer? How soon will the price dip below $10?
    16 Nov 2012, 07:00 PM Reply Like
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