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Best BUY Co Inc's Board of Directors Under Investigation by Glancy Binkow & Goldberg LLP


Tuesday, 7 Aug 2012 01:17pm EDT 

Binkow & Goldberg LLP announced that it is investigating potential claims against the Board of Directors of Best BUY Co Inc (Best Buy or the Company) related to the proposed acquisition of the Company by the Company’s founder, Richard Shulze (the Offer). The Offer is valued at approximately $8 billion, or between $24 and $26 per share. This investigation concerns whether the Board of Directors of Best Buy has breached its fiduciary duties to stockholders by failing to adequately assess Mr. Shulze’s Offer, and whether the Company has disclosed all material information to shareholders about the transaction. 

Company Quote

31.03
-0.42 -1.34%
25 Jul 2014