Schulze presses Best Buy in quest for takeover

Published August 16, 2012 6:02pm ET



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.

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