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U.S. Morning Call: Best Buy founder considers takeover

Wednesday, June 27, 2012 - 02:24

June 27 - Sources tell Reuters Best Buy's Richard Schulze is working with banks including Credit Suisse on a possible deal to takeover the retailer.

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Best I may not be up by it all adds spice up the market in hours stocks to watch here's your morning call this Wednesday. Ice -- there considering a private takeover of the retailer. They themselves working with banks including Credit Suisse on a possible deal according to three sources. He currently owns twenty point 1% of the electronics -- what's saying he could wait into the completely out of planet. Of reports taking action. Another thing he acts there. It lines -- the financing. Shares of best buy down about 40%. Over the past year quick. Which bank has come out with the most optimistic view FaceBook. -- it's not lead underwriter Morgan Stanley the answer is JPMorgan -- started coverage with an overweight rating -- a dollar price target. Morgan Stanley only putting up thirty dollar price target on the stock. Writers on IPO required to wait until days after the first trading on eighteen. Before publishing their views shares are down slightly in premarket near 33 dollars. The latest -- for apple in its worldwide legal battle with Samsung. I US judge is back its request to stop sales of Samsung Galaxy Tab ten point one tablet in the US. Samsung's that it will appeal the decision separately balls please let ballot tablet of its own according to an executive and Taiwanese firm. Working on the device is expected to be priced at 200 dollar range to compete. The Amazon's Kindle fire. Stockton California about to make history but not the kind of Israel wants. It will become the largest city -- -- bankruptcy protection this City Council approving a budget for the community of nearly 300000. Based on the city taking that step it's it's has hurt by the housing market crash and fiscal mismanagement. Apparently related stocks to watch starting with General Mills maker areas and other products -- gain in quarterly profit thing else. And spice maker McCormick posted a profit that -- expectations. On sales that topped forecasts. That's morning call this went that you can follow us on Twitter Reuters Insider. And please check out our Reuters TV channel at Rutgers dot com slash writers TV. I got this this is Reuters Insider.

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U.S. Morning Call: Best Buy founder considers takeover

Wednesday, June 27, 2012 - 02:24