Best Buy (BBY) Founder Offers $26 a Share to Buy Retailer
Posted on August 06, 2012 at 12:57 PM EDT
Best Buy Co. (BBY) founder Richard Schulze, who stepped down as chairman in June, offered to take the electronics retailer private at $24 to $26 a share. The stock had the biggest gain in almost a decade. Credit Suisse Group AG, Schulze’s financial adviser, is confident it can obtain financing for an offer, according to [...]