Former Best Buy chairman wants to takeover again
London, UK: American biggest technology retailer Best Buy Co. Inc. has confirmed that it’s received a letter from Richard Schulze (the company’s founder and former chairman) outlining an offer to acquire all the Best Buy shares he doesn’t already own.
Mr Schulze resigned as chairman in June 2012. His offer of $24 to $26 per share is significantly above the current trading price for the company’s shares, which are trading at around $20.
His plans includes investing about $1 billion of his own money with additional private equity funding. It could lead to the USA’s largest-ever retail takeover.
Filed in: Technology
