Schulze's Best Buy Bid is Dead
March 1, 2013
|
The Thursday night deadline for a bid from Best Buy founder Richard Schulze in his effort to take the company private passed without an offer, putting Schulze's months-long effort to an end, the New York Times reported.
Schulze, with backing from private equity firms Cerberus Capital Management, Leonard Green & Partners and TPG Capital, had been negotiating to up Schulze's stake, with the possibility of a full takeover declared dead weeks ago, according to the Times report.
Best Buy is scheduled to announce earnings Friday.
Companies Mentioned:
 |
|
