Is This Best Buy's Last Chance at Survival?
Today, analysts Andrew Tonner and Austin Smith discuss Best Buy's most recent buyout news. Founder Richard Schulze has proposed a $8.8 billion buyout for the ailing electronics retailer, a fat premium over its current market cap. What's interesting is that shares popped far less than the premium placed on the proposed buyout, indicating skepticism around the deal. Ultimately, Austin and Andrew believe this is exactly the road that Best Buy needs to go down to survive, but they're unsure how the company will emerge on the other end.
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The article Is This Best Buy's Last Chance at Survival? originally appeared on Fool.com.Austin Smith has no positions in the stocks mentioned above. The Motley Fool owns shares of Best Buy. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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