Schulze Reportedly Eyes Best Buy Takeover

June 27, 2012

multipage

Best Buy founder Richard Schulze has been meeting with a Wall Street bank about a plan to take the retail giant private, the Wall Street Journal reported Tuesday.

Schulze, who owns 20 percent of the company, resigned as chairman of the company's board earlier this spring. The Journal said that Schulze is working with Credit Suisse Group AG to mount a takeover attempt.