Tuesday, August 7, 2012

Investopedia: Best Buy Gets Its Bid

Back in June, I wrote an article that suggested Best Buy (NYSE:BBY) could see itself the target of a go-private bid from founder Richard Schulze, particularly after he stepped away from the company. Rumor and speculation became fact on Monday, though, as Richard Schulze formally launched a bid that values the company's outstanding shares at $24 to $26.

Read more here:
http://stocks.investopedia.com/stock-analysis/2012/Best-Buy-Gets-It-Bid-BBY-AMZN-HGG-JCP0807.aspx

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