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3XSQ: Best Buy founder offers bid for company

Monday, August 06, 2012 - 04:02

Aug. 6 - Best Buy founder and former Chairman Richard Schulze on Monday offered to buy not already owned shares for $24-$26 each.

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Ahead of another triumphant return. And running with people's life. Later in the show. What does this three Times Square this Monday from Reuters world headquarters in New York Steve Jobs did it. So -- Starbucks Howard Schultz now Richard shuttle's wants to make return to the company he's that's associated with specify. Jobs and show all came back as executives Richard shell holes hoping to buy control of the electronics chain. He's offering 24 to 26 dollars a share to value the firm in the eight billion dollar range. Shall already owns 20% of the company. Shares closed below eighteen bucks on Friday and are up significantly today. A white Knight has continent to save Knight capital Howard Delhi did it today 400. Billion dollars. A group of investors reaching a deal with the trading firm to buys stake for that price. Sources say the buyers include Blackstone Group TD Ameritrade and Chicago -- to get go. Who would give some -- market making responsibilities by the New York Stock Exchange today on a temporary basis. Investors getting 70% of the company and shares closed at 405 on Friday. Americans buying less meat at the grocery store at -- blessed me from Tyson Foods. Yes and 500 company posting it weak -- that -- expected and cutting its full year outlook. Shares trading near their 52 week low of 1462. From last month. A different story at LS and 500 firm cognizant tech outsourced or raising its guidance for the year increased demand. He is the fastest man on earth. Making Olympic sprinter Hussein bolt our power player of the day. Well vaulted past -- making on Blake to grant Olympic gold and yesterday's 100 meter men's final. It a swift nine point 63 seconds. Second only in his world championship best of nine point 58 seconds in 2009. This after alluding to Blake in June Jamaican Olympic trials. Securing its fleet footed status ball has occurred over twenty million dollars over the last twelve months according to sports. Where they slew of endorsement deals for a visa to Gatorade diploma which -- and tidy nine million annually. Yesterday's 100 meter with the game's highest event. With reports of nearly one million ticket requests. A bit. Draper NASA from the red planet. Didn't stable. You're just as good. Dutch shepherd club received. The -- over curiosity making a Mars landing inside the crater made its search for signs of life. It's already beaten back images after feeling good faith -- what eight months 352. Million mile journey. It broke through the martian atmosphere at thirteen thousand miles an hour. Seventeen times the -- -- before surviving eight perilous seven minute descent to circus. The rover part of the 2.5 billion dollar project designed to analyze rocks soil and the martian atmosphere. It's the running of the bulls south American style hundreds of Colombians took to the streets immunity -- kotsay right after her. Region's cattle raising. 22 bulls who -- 800 meters through the city streets now a bit more tame even if Spanish counterparts perhaps. It's twelve year history at Columbia that those. Minor injuries and a few 28. To. That's the latest from three times where this Monday you can follow us on Twitter at Reuters Insider and check out our -- YouTube channel at Reuters dot com slash writers TV. I'm Lisa Bernhard and this is right it's.

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3XSQ: Best Buy founder offers bid for company

Monday, August 06, 2012 - 04:02