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Best Buy Co. (NYSE:BBY): Current price $16.51
Five knowledgeable sources now say that the company founder Richard Schulze’s endeavor to take Best Buy private is in jeopardy following attempts to obtain financing failing, while an alternative strategy to set up minority investors might not work either. Having probably abandoned a full takeover offer for the electronics retailer, in recent weeks, Schulze has focused talks on a potential arrangement in which private equity firms would acquire a non-controlling stake.
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