{"id":645035,"date":"2013-03-04T05:11:12","date_gmt":"2013-03-04T10:11:12","guid":{"rendered":"http:\/\/www.pehub.com\/?p=189048"},"modified":"2013-03-04T05:11:12","modified_gmt":"2013-03-04T10:11:12","slug":"reuters-best-buy-spurns-1bn-minority-investment","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/645035","title":{"rendered":"Reuters \u2013 Best Buy Spurns $1bn Minority Investment"},"content":{"rendered":"

Best Buy Co<\/strong> has turned down a $1 billion minority investment proposal by founder Richard Schulze<\/strong>‘s three private equity partners, writes Reuters<\/em>. Under the proposal, Leonard Green Partners<\/strong>, Cerberus Capital Management<\/strong> and TPG Capital<\/strong> would have each received a seat on the board of the world’s largest electronics retailer, writes Reuters<\/em>.<\/p>\n

Reuters<\/em> – Best Buy Co Inc (BBY.N) turned down a $1 billion minority investment proposal by founder Richard Schulze’s three private equity partners, two sources familiar with the situation told Reuters Friday.<\/p>\n

Under the proposal, Leonard Green Partners, Cerberus Capital Management and TPG Capital would have each received a seat on the board of the world’s largest electronics retailer, the sources said, asking not to be named because they were not authorized to speak to the media.<\/p>\n

A Best Buy spokesman declined to comment. Calls to Leonard Green and Cerberus were not immediately returned. TPG declined to comment.<\/p>\n

(Reporting By Jessica Toonkel; Editing by Gerald E. McCormick)<\/p>\n

The post Reuters – Best Buy Spurns $1bn Minority Investment<\/a> appeared first on peHUB<\/a>.<\/p>\n

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Best Buy Co has turned down a $1 billion minority investment proposal by founder Richard Schulze‘s three private equity partners, writes Reuters. Under the proposal, Leonard Green Partners, Cerberus Capital Management and TPG Capital would have each received a seat on the board of the world’s largest electronics retailer, writes Reuters. Reuters – Best Buy […]<\/p>\n","protected":false},"author":7428,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-645035","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/645035","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/7428"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=645035"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/645035\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=645035"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=645035"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=645035"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}