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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 [email protected]

Stock News for Best Buy (BBY)
DateTimeHeadline
01/07/201703:03:00Online Retailing Outpaces Stores -- WSJ
01/07/201703:03:00Retailers Face Hit Under Tax Plan -- WSJ
01/06/201715:05:00In-Store Declines Drag Down Traditional Retailers
01/06/201705:59:00Retailers Risk Multibillion-Dollar Earnings Hit Under GOP Tax...
12/19/201616:40:31Statement of Changes in Beneficial Ownership (4)
12/15/201617:18:01Statement of Changes in Beneficial Ownership (4)
12/14/201617:00:00Final Countdown: Best Buy Starts Free Two-Day Shipping for Last-Minute...
12/13/201607:00:00Best Buy to Confront the Opportunity Gap by Nearly Doubling Its...
12/09/201617:04:33Statement of Changes in Beneficial Ownership (4)
12/08/201614:43:44Amended Statement of Ownership (sc 13g/a)
12/07/201616:20:31Statement of Changes in Beneficial Ownership (4)
12/02/201616:46:35Quarterly Report (10-q)
12/02/201616:17:01Statement of Changes in Beneficial Ownership (4)
12/02/201606:00:00Best Buy Introduces Special Edition Tech Collection for the Holidays
11/28/201604:00:00Get Ready to Click: Best Buy’s Cyber Monday Deals are Here
11/25/201607:00:00Retailers Vie for Black Friday Dollars
11/23/201616:17:46Statement of Changes in Beneficial Ownership (4)
11/23/201616:17:46Statement of Changes in Beneficial Ownership (4)
11/23/201616:17:46Statement of Changes in Beneficial Ownership (4)
11/18/201616:09:58Statement of Changes in Beneficial Ownership (4)

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