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Minnesota

Best Buy Founder Schulze Rounds Up the Old Gang for One Last Try

August 7, 2012 by Ted Leave a Comment

Graphic of Best Buy CowboysBloomberg News reported on Monday that the Best Buy Co. board of directors has received a letter with an offer from company founder and former chairman Richard Schulze to acquire all outstanding shares of the company stock and take it private. Schulze is said to have the support of at least two private equity companies and an investment bank that is confident it can arrange adequate financing. Schulze also says several former Best Buy executives are interested in joining him in the process of reinvigorating the company.

Analysts are skeptical… [Read more…] about Best Buy Founder Schulze Rounds Up the Old Gang for One Last Try

Filed Under: Industry Trends, Management, News, Pivot Point, Retailers, Strategy Tagged With: Best Buy, Bloomberg News, Brian Dunn, CNBC, Fitch, junk bond, Minnesota, Richard Schulze

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Ted Green Bio

A former dealer, manufacturer, distributor & more. Focusing on business strategy, my goal is to help you make better decisions for greater success.

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