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Best Buy Gives Schulze Two Seats, Expects Offer Soon
Tuesday, August 28, 2012 - 9:40am | 383Read More...Best Buy (NYSE: BBY) revealed this week that it will be giving company founder Richard Schulze two seats on the board, as well as access to the private information that he has requested as he looks to make a takeover offer. Talks broke earlier in August regarding a potential deal between Schulze...
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Best Buy Hires Joly New CEO
Monday, August 20, 2012 - 9:39am | 401Read More...Electronics retail giant Best Buy (NYSE: BBY) has named former director of hospitality and restaurant company Carlson, Hubert Joly, as the new chief executive officer and president. It has been a tumultuous few months for Best Buy. In mid-May, the company announced the resignation of chairman...
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Best Buy Surges On Buyout Offer
Monday, August 6, 2012 - 9:46am | 432Read More...Best Buy (NYSE: BBY) shares rose 23 percent in premarket trading after founder Richard Schulze on Monday offered to take the electronics retailer private for $24 to $26 a share, at least a 36 percent price premium. The offer values the company at $8.5 billion – at minimum. "I have been actively...
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Best Buy Founder Assembles A-Team for Buyout
Monday, July 30, 2012 - 12:44pm | 429Read More...Consumer electronics retailer Best Buy's (NYSE: BBY) founder Richard Schulze is assembling an executive team as he moves a step closer to a proposed buyout of the company. On June 27, Benzinga reported that Schulze was exploring the possibility of taking the company private after he had resigned...
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Southern Households Love What Conn's Has to Offer
Monday, June 4, 2012 - 8:07am | 488Read More...Popular holding company Conn's, Inc. (NASDAQ: CONN) reported first quarter results this morning that solidified the company's need to not only please its customers, but analysts as well. The specialty retailer of electronics, furniture, mattresses and more boasted a same store sales increase of 17....
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Is Best Buy a "Best" Buy With CEO Resignation?
Tuesday, April 10, 2012 - 11:50am | 784Read More...Now that the company's chief executive, Brian Dunn, has finally left the building, investors are jumping on the stock. Is this a sign of things to come or a temporary gain that will soon be overshadowed by additional store closures? Days prior to Dunn's resignation this morning, Best Buy (NYSE:...
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Apple's iPad Making Its Mark, 2nd Generation Expected In Early 2011
Friday, September 17, 2010 - 8:24am | 157Read More...Apple Inc. (NASDAQ: AAPL) is having its iPad make headlines for cutting Best Buy's (NYSE: BBY) notebook PC sales in half, and also that Apple is gearing up (already) for the iPad's second generation launch, Oppenheimer reports. Estimates from Best Buy have seen Apple's tablet drop notebook PC sales...
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Busy Earnings Day For Best Buy (BBY)
Thursday, March 25, 2010 - 8:43pm | 182Read More...Electronics retailer Best Buy (BBY) rose 3.6% today after reporting strong earnings. Fourth quarter earnings jumped 37% to $770 million. EPS came in at $1.86. Best Buy forecast full year earnings between $3.45 to $3.60. CEO Brian Dunn appeared on CNBC's Fast Money this evening. Dunn said "Trends...
