Best Buy share rise on takeover speculation

  • Updated: December 13, 2012 - 11:20 AM

Best Buy stock was up noticeably in morning trading Thursday amid speculation that founder Richard Schulze would make a $5 billion to $6 billion offer yet this week to take the company private.

By late morning, shares were topping $14, up substantially from a Wednesday close of $12.20 per share.

DAVID PHELPS

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