Best Buy founder offers $24-$26 per share for company
Aug 6 (Reuters) - Best Buy Co Inc founder and former Chairman Richard Schulze on Monday offered to buy the shares he does not already own in the electronics retailer for $24 to $26 each.
Schulze, who owns 20.1 percent in Best Buy and is its largest shareholder, said he has held talks with top private equity firms. His offer would value the firm at between $8.16 billion and $8.84 billion.
The offer would represent a premium of between 36 percent and 47 percent over Best Buy shares' closing price on Friday of $17.64.
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