Best Buy extends deadline for founder bid
(Reuters) – Best Buy Co Inc agreed to extend the deadline to February 28 for founder Richard Schulze to make a bid for the company, continuing the uncertainty for shareholders over whether he can put a bid together. Best Buy shares fell 14. 2 percent to $12. 12 on the New York Stock Exchange. The company said on Friday the extension would allow Schulze to include the consumer electronics retailer’s full-year results as part of his due diligence review. The new deadline will also give him more time to line up partners and financing for a bid. . . .
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