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

Best Buy extends window for Schulze buyout bid

Posted: Updated:

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.

Powered by WorldNow

11358 Viking Drive
Eden Prairie, MN 55344

Phone: (952) 944-9999
Fax: (952) 942-0455

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices