Key Developments: Best Buy Co Inc (BBY)

BBY on New York Consolidated

31.55USD
28 Jul 2014
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$0.52 (+1.68%)
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Latest Key Developments (Source: Significant Developments)

Best Buy Co Inc increases dividend by 12 pct
Tuesday, 10 Jun 2014 08:00am EDT 

Best Buy Co Inc:Approves increase quarterly cash dividend from $0.17 to $0.19 per common share, an increase of 12 pct.Payable on Oct. 2 to shareholders of record as of Sept. 11.  Full Article

Best BUY Co announces regular quarterly cash dividend
Friday, 23 May 2014 08:00am EDT 

Best BUY Co Inc:Declares a regular quarterly cash dividend of $0.17 per common share.Payable on July 3 to shareholders of record as of the close of business on June 12.  Full Article

Best BUY Co Inc announces regular quarterly cash dividend
Friday, 28 Feb 2014 08:00am EST 

Best BUY Co Inc:Declared a cash dividend of $0.17 per.Payable on April 10, to shareholders of record as of the close of business on March 20.  Full Article

Best BUY Co Inc's Canadian arm to cut 950 jobs-Reuters
Thursday, 30 Jan 2014 02:51pm EST 

Best BUY Co Inc:Says Best Buy Canada will cut about 950 full-time jobs, the electronic retailer said, as it restructures its operations in part to support online sales growth-Reuters.  Full Article

Best BUY Co Inc gives Q4 2014 operating income guidance
Thursday, 16 Jan 2014 07:00am EST 

Best BUY Co Inc:Says Q4 2014 non-GAAP operating income rate to be 175 to 185 basis points lower than Q4 13 non-GAAP operating income rate, excluding the impact of such items as restructuring charges and asset impairments.Q4 2014 EBIT of $898 million - Thomson Reuters I/B/E/S Estimates.  Full Article

Best BUY Co Inc Announces Regular Quarterly Cash Dividend
Wednesday, 20 Nov 2013 08:00am EST 

Best BUY Co Inc announced that it has authorized payment of a regular quarterly cash dividend of $0.17 per common share. The quarterly dividend is payable on December 31, 2013, to shareholders of record as of the close of business on December 10, 2013. The company had 345,564,408 shares of common stock issued and outstanding as of November 2, 2013.  Full Article

Toshiba Corp Responds to Jury Verdict in Best Buy Co Inc Lawsuit for LCD Price Fixing
Tuesday, 3 Sep 2013 10:16pm EDT 

Toshiba Corp announced that a jury in the United States District Court for the Northern District of California (San Francisco) issued a verdict finding that Toshiba did not participate in a conspiracy in the LCD panel industry. The verdict is subject to further proceedings before the district court. Best Buy Co Inc filed suit against Toshiba and other companies claiming to have been damaged through its purchases of products such as TVs and notebook computers as a result of price fixing in the LCD panel industry.  Full Article

Best BUY Co Inc Announces Regular Quarterly Cash Dividend
Wednesday, 21 Aug 2013 09:00am EDT 

Best Buy Co. Inc announced that it has authorized payment of a regular quarterly cash dividend of $0.17 per common share. The quarterly dividend is payable on October 1, 2013, to shareholders of record as of the close of business on September 10, 2013.  Full Article

Carphone Warehouse Group PLC Places Best Buy Co., Inc 7.5% Holding At 244 Pence Per Share-DJ
Wednesday, 3 Jul 2013 02:09am EDT 

Dow Jones reported that Carphone Warehouse Group PLC said that 42.1 million ordinary shares owned by Best Buy Co., Inc representing 7.5% of the Company's existing issued ordinary share capital, have been placed at 244 pence a share, raising GBP103 million. Deutsche Bank AG, London Branch and UBS Ltd acting as joint bookrunners. Carphone Warehouse is entitled to retain any upside on the sale price of the Consideration Shares above a value of 190 pence per share. Before the deduction of expenses and commissions, approximately GBP80 million of the Gross Proceeds are deliverable to Best Buy and Carphone Warehouse retains in aggregate approximately GBP23 million.  Full Article

Carphone Warehouse Group plc Completes Acquisition Of Best BUY Co Inc's 50% Stake In CPW Europe-Form 8-K
Wednesday, 26 Jun 2013 08:32am EDT 

Best BUY Co Inc reported in its Form 8-K that on June 26, 2013, Best Buy (Best Buy) completed the sale of its 50% interest in New BBED Limited (Best Buy Europe) to Carphone Warehouse Group plc (CPW). The total purchase price of the transaction is GBP500 million (approximately $771 million), subject to adjustment as described below, of which: GBP370 million (approximately $570 million) was paid in cash by CPW to Best Buy at the Closing; GBP80 million (approximately $123 million) was paid by the issuance by CPW to Best Buy of 42,105,263 ordinary shares of CPW at the Closing; GBP25 million (approximately $39 million), plus 2.5% interest per year, will be paid by CPW in cash on the first anniversary of the Closing; and GBP25 million (approximately $39 million), plus 2.5% interest per year, will paid by CPW in cash on the second anniversary of the Closing. As reported on its Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission (the “SEC”) on April 30, 2013, Best Buy, Best Buy UK Holdings LP, a wholly owned subsidiary of Best Buy, Best Buy Distributions Limited, a wholly owned subsidiary of Best Buy, CPW, and Best Buy Europe, entered into an Implementation Agreement providing for the sale of Best Buy's 50% interest in Best Buy Europe, Best Buy's venture with CPW, to CPW.  Full Article

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EU antitrust regulators likely to step up Google probes: WSJ

SAN FRANCISCO/FRANKFURT - (This July 22 story was corrected in paragraph four to show Almunia said he would not conduct a formal market test, instead of that he would not consult complainants)

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