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The Briscoe Law Firm And Powers Taylor, LLP Announces Investigation Of Board Of Best Buy Company Concerning Receipt Of Going-Private Proposal From Founder Richard Schulze


Monday, 6 Aug 2012 04:41pm EDT 

Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP announced that they are investigating potential claims against the Board of Directors of Best Buy Company Inc. concerning the board’s receipt of an unsolicited acquisition proposal from Best Buy’s founder and former Chairman of the Board, Richard Schulze, to take the Company private. Under the proposal, Schulze seeks to acquire the remaining shares of Best Buy that he does not own for $24.00 to $26.00 per share in a proposed transaction valued at approximately $8.84 billion. 

Company Quote

26.29
0.64 +2.50%
23 May 2013