Best Buy offer deadline postponed

  • Article by: THOMAS LEE , Star Tribune
  • Updated: December 14, 2012 - 11:12 PM

Delay a sign that company "is absolutely open to an offer." At the behest of the company, Best Buy and its founder agreed to extend the deadline for a buyout bid until February.

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cavellDec. 14, 12 9:56 AM

BB is worth 1/2 of what is was last yr. management hopes Schulz will pay more than its current value. Please, somebody buy us.

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bono4233Dec. 14, 1210:05 AM

Looks like someone is questioning the financing. Bottom line from a rube (me), if Mr. Schulze thinks he can "take control" of this sinking ship with private equity money, I have a bridge to sell him in Brooklyn.

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suzukisvDec. 14, 1210:58 AM

I wish him well. Years ago, I worked for him and interacted with him on a regular basis. He was an incredibly decent man and obviously really cares about his creation. I think public ownership is what has doomed this company and many others. I understand how it's often necessary to generate the volume of cash for expansion, etc....but it's often a bargain with the devil. Good luck to him.

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FrankLDec. 14, 1211:00 AM

Wonder who got to sell their shares on the bump in stock price before the deadline was pushed back?

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minnymnDec. 14, 1211:58 AM

Schulze is looking on Amazon.com try to find a better deal.

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