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Shares of Best Buy (BBY) edge higher on Black Friday with the retailer trying to bounce off of...

Shares of Best Buy (BBY) edge higher on Black Friday with the retailer trying to bounce off of the multi-year lows they etched out after another round of disappointing results. Behind the scenes, the biggest focus on BBY is if founder Richard Schulze can put together a bid to buy back the firm with P-E backing. The last thought from some analysts is that the eventual deal price could creep below $20 if Schulze waits out a sluggish Q4.
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    As Schulze is already a 20% shareholder of BBY it seems logical that he has to act, if only to protect his current interest in the company. The most likely scenario would be to bid for a controlling interest so he could steer it in the direction it should be going. What better time is there to make an offer than when the shares are near an all time low?
    23 Nov 2012, 09:26 AM Reply Like
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