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 [email protected].
