All Eyes On Best Buy After Bids For Barnes & Noble, Dell

Law360, New York (February 25, 2013, 5:46 PM EST) -- Following big insider buyouts for Barnes & Noble Inc. and Dell Inc., all eyes now turn to Best Buy Co. Inc. founder and former chairman Richard Schulze, who faces a deadline this week to bring a fully financed takeover bid to the company's board.

Schulze, who owns 20.1 percent of Best Buy, must bring a formal offer for the company by Thursday or be forced to wait up to a year to try again. The board would have 30 days to either endorse or reject the...
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