San Antonio — The Progressive Retailers Organization was at the Westin La Cantera Hill Coun
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.
Schulze is Best Buy’s largest shareholder, controlling 20.1 percent of Best Buy shares, according to a statement issued by him this morning. He has developed a business plan that addresses the many challenges Best Buy faces and has held discussions with leading private equity firms interested in participating in the acquisition, according to statement he issued this morning.
Net income was 8.915 million euros compared with a loss of 489.3 million euros year on year. Revenue was 262 million euros, down 17 percent from the prior year’s 314 million euros. Harold Goddijn, CEO, commented in a statement, “Since we communicated that we would be taking a more modular approach to our products, selling map content, navigation software and HD Traffic as stand-alone solutions, we have signed a number of deals, especially in the automotive sector.
LAWNDALE, CALIF. – Top Sony Electronics executives from Japan recently visited Video & Audio Center’s store, here.
The chain, which is the largest Sony independent dealer in Southern California, opened this location last November with the introduction of Sony’s Digital Recording Binoculars that record in 3D and 2D FullHD video and the company’s Personal 3D Viewer.