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

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

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)