Best Buy Bid Deadline Delayed Until February
The deadline for the group led by company founder Richard Schulze to submit a bid to takeover Best Buy has been extended. According to the Minneapolis Star Tribune, the company and Schulze agreed to delay the deadline to Feb. 28, 2013.
The original deadline was Dec. 16. Media reports earlier in the week had indicated Schulze would submit a bid this week.
The new deadline will put the entire year's financial performance, including the holiday season, in consideration for both parties.