from the escaping-those-annoying-shareholders dept.
zacharye writes "Best Buy founder and the company's largest shareholder Richard Schulze has offered as much as $8.5 billion to take the company private. Schulze had been rumored to be preparing a takeover offer for some time, and he recently assembled a team of executives that will run the company if his buyout offer is approved. His offer amounts to between $24 and $26 per share, a premium of as much as 47% over Best Buy's stock price at Friday's close."
...though his invention worked superbly -- his theory was a crock of sewage from
beginning to end. -- Vernor Vinge, "The Peace War"