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.
Schulze made an offer of $24 to $26 per share for Best Buy Co.
The offer values the company at as much as $8.84 billion.
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