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Trading Report for (BBY). A detailed report, including free correlated market analysis, and updates.
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Provider: Market Edge
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Best BUY Co Inc's Board of Directors Under Investigation by Glancy Binkow & Goldberg LLP
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.
Latest Developments for Best Buy Co Inc
- Carphone Warehouse Group PLC Announces Proposed Acquisition of Best BUY Co Inc's 50% Stake in CPW Europe
- Best BUY Co Inc Canada To Shut 15 Stores, Lay Off 5%-Reuters
- Best BUY Co Inc Extends Deadline For Founder Bid-Reuters
- Best BUY Co Inc And Founder Richard Schulze Reaches Agreement Permitting Schulze To Form Investment Group And Conduct Due Diligence
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