Best Buy's Richard Schulze is ready to make his buyout bid for the company he founded.
By the end of this week, Schulze is expected to make a $5 billion to $6 billion offer for Best Buy, the Star Tribune is reporting, citing unidentified sources who claim to have knowledge of his plans. Last week, Schulze reportedly inked deals with private equity firms and bankers to help him finance the deal.
Schulze founded Best Buy in 1966. Over the summer, he submitted plans to buy out Best Buy for between $24 and $26 a share, representing a 36 percent … Read more