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Ex-Best Buy Chairman Not Expected to Present Buyout Soon

Richard Schulze, the founder and former chairman of Best Buy Co. (BBY), isn't expected to present a buyout offer for the electronics retailer soon, Reuters reported, citing a person familiar with the situation. Talks concerning a potential bid are still in the early stages, the person told Reuters. Earlier today, Best Buy shares were up more than 10% amid buyout speculation. The stock recently traded at $22.07, up $1.11 or 5%. Full story at http://www.reuters.com/article/2012/07/02/us-bestbuy-lbo-idUSBRE86110V20120702 Write to nymonitoring@dowjones.com

Stock News for Best Buy (BBY)
DateTimeHeadline
05/26/201517:39:07Statement of Changes in Beneficial Ownership (4)
05/23/201509:22:02Black Friday History: How A Fake Holiday Became An American Tradition
05/22/201508:00:00Best Buy Announces Regular Quarterly Cash Dividend
05/21/201508:40:10Best Buy Beats Profit, Sales Expectations
05/21/201507:03:19Current Report Filing (8-k)
05/21/201507:00:00Best Buy Reports First Quarter Results
05/20/201512:15:10What Is the S&P 500 Index?
05/17/201509:16:35MARKET SNAPSHOT: Big Retailers Cap Earnings Season Against Backdrop...
05/15/201518:10:40MARKET SNAPSHOT: Big Retailers Cap Earnings Season Against Backdrop...
05/06/201513:25:02Wal-Mart Stores, Inc. Plans to Expand in China -- Will It Move...
04/28/201520:19:57Vetr Inc. Lowers Best Buy Co to Buy (BBY)
04/28/201516:33:26Proxy Statement (definitive) (def 14a)
04/27/201522:00:42Best Buy to Accept Apple Pay
04/27/201520:30:49Best Buy to Accept Apple Pay, Complicating Picture for MCX
04/24/201503:22:35Best Buy Co Cut to Neutral at JPMorgan Chase & Co. (BBY)
04/21/201516:25:25Statement of Changes in Beneficial Ownership (4)
04/21/201516:25:25Statement of Changes in Beneficial Ownership (4)
04/21/201516:24:56Statement of Changes in Beneficial Ownership (4)
04/21/201516:24:56Statement of Changes in Beneficial Ownership (4)
04/21/201510:05:02The 3 Best Stocks to Invest in Electronics Retailers

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