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Brian Sozzi

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Richard Schulze, the co- founder of Best Buy Co. (BBY), has offered to buy the company and this way make it private. It would be the fourth-largest U.S. retail takeover it the history. Richard Schulze remains the electronics chain’s main investor. He has sent letter to the board with a purchase proposal of $24 to $26 a share, thus he valued the company at $9.5 billion including net debt.

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