Seeking Alpha

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)
  • Bye Bye BBY
    , contributor
    Comments (58) | Send Message
     
    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
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs