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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
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...
08/26/201411:04:16MARKET SNAPSHOT: U.S. Stocks Rise; S&P 500 Makes Another Run...
08/26/201410:05:12U.S. Hot Stocks: Hot Stocks to Watch
08/26/201409:11:49MARKET SNAPSHOT: U.S. Stocks: Futures Up But Trim Gains After...
08/26/201407:48:20MARKET SNAPSHOT: U.S. Stocks: Futures Rise Ahead Of Durables...
08/26/201406:11:54MARKET SNAPSHOT: U.S. Stocks: Futures Back To Flat Ahead Of Durables...
08/24/201406:18:07MARKET SNAPSHOT: Durable Goods In Focus As Capital Spending Signal
06/29/201406:17:43MARKET SNAPSHOT: Utilities, Airlines Seen At Risk In Second Half...
05/22/201416:47:16MARKET SNAPSHOT: U.S. Stocks Rise; Russell 2000 Rallies
05/22/201413:11:15Best Buy Anticipates Continued Sales Declines -- 2nd Update
05/22/201413:01:02MARKET SNAPSHOT: U.S. Stocks Edge Higher; Russell 2000 Rallies
05/22/201410:39:30MARKET SNAPSHOT: U.S. Stocks Pare Gains After Jobs, Housing Data
05/22/201410:13:27MARKET SNAPSHOT: U.S. Stocks Edge Higher; Best Buy, Dollar Tree...
05/22/201408:10:20Best Buy Warns Consumer Electronics Demand to Remain Soft
05/19/201408:50:12MARKET SNAPSHOT: Only A 'black Swan' Will Bring Back Stock Volatility
02/27/201416:39:15MARKET SNAPSHOT: U.S. Stock Gains Push S&P 500 To Record
02/27/201413:13:06MARKET SNAPSHOT: U.S. Stocks Rise; S&P 500 Eyes 1,850 Record

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