Schulze Group Looking at Best Buy's Books

October 4, 2012

multipage

Best Buy founder Richard Schulze's takeover attempt of the company is moving forward, with the former CEO, backed by multiple private equity firms, now examining the company's books, Reuters reported Wednesday.

Schulze, with backing from firms that may include Apollo Global Management LLC, Cerberus Capital Management LP, TPG Capital LP and Leonard Green & Partners LP, could buy Best Buy for up to $11 billion, with an offer expected later this year.