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Best Buy Offer Imminent?

Bloomberg reports that Richard Schulze, Cerberus Capital Management and two additional private equity firms will make a buyout offer for Best Buy by the end of this week.

The offer will reportedly be priced between $5 billion and $6 billion.

Update: The New York Times has just reported that Best Buy granted Schulze an extenstion until Feb. 28 to make a bid so he and his partners could review the company's holiday sales results.

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Elaine Misonzhnik

Senior associate editor Elaine Misonzhnik has been writing for National Real Estate Investor since June 2006 and has covered commercial real estate for more than 12 years. She first became...
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