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Fox Business news.
Best Buy Co.
confirming that its board of directors has received a letter -- staying -- Well due diligence and outlining an unsolicited bid.
Let's go straight to Nicole Petallides on the floor of the New York Stock Exchange for more on that got a nice move to the upside.
Yeah a wedding day here for best -- -- certainly -- -- you know they -- Dick Schultz who was the founder of Best Buy loves his baby and one of many actually.
Former heads of companies that want to take it private -- -- seed stock here.
Jumped about 13% but -- late in the day we did hear that S&P actually cut their ratings on Best Buy has offered to Seoul's offer along with group of private equity investors.
Was 24 to 26 dollars a share analysts earlier in the -- thought it would be thirty dollars a share.
But also whether or not -- able to actually complete the leveraged buyout offer but he joins other folks like got that Hugh -- from Playboy also.
I'm Richard Skinner of Jeff -- mortgage who has an -- Energy tech company so those are some of the folks there's a whole list them on the Wall Street Journal blog this afternoon about those well I ended up wanna take their companies -- -- -- -- thank you Nicole very much.
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