Best Buy extends window for Schulze buyout bid - KMSP-TV

Best Buy extends window for Schulze buyout bid

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MINNEAPOLIS (KMSP) -

Best Buy and founder Richard Schulze announced Friday they have agreed to extend the window of his buyout bid until after the holidays.

Both Schulze and Best Buy agreed that a post-holiday offer is in the best interests of shareholders and Schulze's investment partners. Schulze can now make his offer between Feb. 1, 2013 and Feb. 28, 2013.

Best Buy shares fell $1.73, or 12.3 percent, to $12.39 in morning trading Friday, erasing Thursday's 16 percent gain.

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