Best Buy founder Richard Schulze has submitted a proposal to purchase outstanding Best Buy stock for $24 to $26, a significant premium for shares that are currently trading for $17.64.
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The Wall Street Journal thinks that Best Buy founder Richard Schulze's abrupt resignation from the company's board could be part of a plan to buy-out the company and take it private again.
Richard Schulze, founder and chairman of Best Buy, has resigned early, following an investigation's verdict that he was aware of former CEO Brian Dunn's inappropriate relationship with an employee.
The founder and chairman of Best Buy's board of directors, Richard Schulze, has resigned following an independent investigation which revealed Schulze knew of former CEO Brian Dunn's misconduct.