Monday, July 2, 2012

Former Best Buy (BBY) Chair Schulze Not Expected to Offer Buyout Anytime Soon - Reuters

Former Best Buy Co (NYSE: BBY) former Chairman Richard Schulze not expected to present the Board a buyout proposal anytime soon, according to Reuters. The news site cited people familiar with the situation.

Discussions surrounding a leveraged buyout (LBO) of the company are still in early stages.

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