Report: Circuit City Retains Goldman For Possible Sale
Circuit City, already facing a takeover attempt from activist investor Mark J. Wattles, is said to be considering the sale of the company.
According to a report on the TheDeal.com, citing multiple sources. Circuit City has retained the services of Goldman Sachs for advice on a possible sale, as well as “other solutions.” Once source told TheDeal.com that the company already has a potential suitor doing due diligence.
The company confirmed to the Web site that it had hired Goldman; Circuit City had used the firm last spring when it was considering selling its Canadian stores.