Schulze presses Best Buy in quest for takeover

Published



NEW YORK (AP) — Best Buy Co. co-founder Richard Schulze said Thursday that he is committed to his offer for the electronics retailer and has heard from a number of private equity firms prepared to make “significant commitments.”

Ten days after he made a public bid to take the business private, Schulze told Best Buy’s board in a letter that he’d like to create a group and put forth a fully financed plan.

Full midterm coverage.Deeper analysis.

Get unlimited access to Washington Examiner's reporting, expert analysis, and coverage of the midterm elections.

Get Unlimited Access

Cancel anytime.