Best Buy founder works with Credit Suisse on options: sources
06/26/2012| 04:16pm US/Eastern
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Best Buy Co Inc (>> Best Buy Co., Inc.) founder Richard Schulze is working with Credit Suisse (>> Credit Suisse Group AG) to explore options for his 20.1 percent ownership stake in the company, including the possibility of a buyout, sources familiar with the situation said.
Best Buy Co Inc (>> Best Buy Co., Inc.) founder Richard Schulze is working with Credit Suisse (>> Credit Suisse Group AG) to explore options for his 20.1 percent ownership stake in the company, including the possibility of a buyout, sources familiar with the situation said.
Schulze resigned from the retailer's board earlier this month and said he was exploring options for his ownership stake, a move that was seen as a possible precursor of a Schulze-led private takeover.
A representative for Schulze was not immediately available for comment. Credit Suisse declined to comment.
(Reporting By Nadia Damouni; Editing by Gary Hill)
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