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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
12/04/201406:00:15Best Buy to Exit China -- Update
11/28/201420:10:09Wal-Mart and Target Take Fight to Amazon for Holiday Sales
11/28/201415:27:42MARKET SNAPSHOT: Stocks End Mixed; OPEC Sinks Energy Sector
11/28/201415:25:31MARKET SNAPSHOT: U.S. Stocks: OPEC Sinks Energy Sector, Airlines...
11/28/201415:14:57MARKET SNAPSHOT: U.S. Stocks Mixed; Energy Sector Slammed, Airlines...
11/28/201414:49:02MARKET SNAPSHOT: U.S. Stocks: Energy Sector Slammed After OPEC...
11/28/201407:01:14MARKET SNAPSHOT: U.S. Stocks: Energy Firms Slammed After OPEC...
11/20/201416:50:31MARKET SNAPSHOT: S&P 500, Dow Add To Tally Of Record Closes For...
11/20/201412:27:26Best Buy Sales Bounce Back Ahead of Holidays -- 2nd Update
11/20/201412:25:12MARKET SNAPSHOT: U.S. Stocks Inch Higher; Best Buy Pops
11/20/201410:47:26MARKET SNAPSHOT: U.S. Stocks Stuck In The Red After Data Points...
11/20/201410:45:49MARKET SNAPSHOT: U.S. Stocks Stuck In The Red After Data Shows...
11/20/201409:23:18MARKET SNAPSHOT: U.S. Stocks: Futures Under Pressure; CPI Flat
11/20/201408:14:32MARKET SNAPSHOT: U.S. Stocks: Futures Fall As Global Data Disappoints;...
11/20/201406:15:55MARKET SNAPSHOT: U.S. Stocks: Futures Fall As Global Data Disappoints;...
11/17/201406:28:22MARKET SNAPSHOT: Retailers Close Out Earnings Season
10/28/201402:10:12Apple CEO Happy With New Pay Service
09/10/201420:19:12Will Stores Warm Up to Apple Pay?
08/26/201418:54:44MARKET SNAPSHOT: S&P 500 Ends Higher For First-ever Close Above...
08/26/201418:51:25MARKET SNAPSHOT: S&P 500 Gains, On Pace For First-ever Close...

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