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Monday, July 30, 2012

Best Buy Founder Is Recruiting A Team To Buy Back The Company

Best Buy founder Richard Schulze is recruiting an executive team as he seriously considers buying out the company, according to Bloomberg's Chris Burritt and Jeffrey McCracken.
“There is a small group he’d like to have with him in righting the ship. He is serious as a heart attack," J.D. Wilson, a senior executive at Best Buy said. 
Shares are up more than 7 percent in pre-market trading.


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