Law Firm Investigating Best Buy's Board
TWICE Staff On Aug 8 2012 - 1:25pm
Los Angeles - Glancy Binkow & Goldberg is investigating
potential claims against Best Buy's board of directors related to the proposed
acquisition of the retailer by its founder, Richard Schulze.
The offer is valued at approximately $8 billion, or between
$24 and $26 per share.
This investigation concerns whether Best Buy's board has breached
its fiduciary duties to stockholders by failing to adequately assess Schulze's offer,
and whether the company has disclosed all material information to shareholders
about the transaction.
The law firm said in a statement that if someone is a shareholder
of Best Buy, has information or would like to learn more about the investigation,
or if someone wishes to discuss these matters or have any questions concerning
this announcement or a stockholder's rights or interests with respect to these
matters, contact Louis Boyarsky, Glancy Binkow & Goldberg, 1925 Century
Park East, Suite 2100, Los Angeles, CA 90067; by telephone at (310) 201-9150 or
(888) 773-9224; or by email to firstname.lastname@example.org