Consumer electronics retailer Best Buy Co. Inc. (BBY) reported that the deadline by which its Founder, Richard Schulze, could make an offer to buy the company expired yesterday, February 28, 2013, at the end of the day. According to the company, it received no such offer and would continue focussing on its transformation for the benefit of its shareholders.
Earlier, there were reports that Schulze would make a fully financed buyout offer of at least $5 billion - $6 billion for the company. In the pre-market trading, the shares were up around 6% on the NYSE.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.