Best Buy, Other New Potential Buyers Emerge For D&M

April 2008

multipage

Best Buy has emerged has a potential bidder for D&M Holdings, the Stratecon Group said late last week, citing a report from the Japanese news service JCN Network.

In addition, a pair of private equity firms haave jumped into the bidding for the company, Reuters reported Friday. Bain Capital and Advantage Partners have both joined the bidding for the 49 percent of the company being auctioned off by holding company RHJ International. Merrill Lynch’s private equity arm is said to be in the running as well, as is Harman International, according to reports last month. However, the Stratecon Group reported that Harman is no longer an active bidder.

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