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Unsolicited bid to buy Circuit City and take it private made today

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underpants Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Feb-15-05 02:39 PM
Original message
Unsolicited bid to buy Circuit City and take it private made today
No individual story to put in LBN
http://story.news.yahoo.com/news?tmpl=story&u=/ap/wall_street

Investors welcomed reports that a private investment firm has made an unsolicited bid for struggling electronics retailer Circuit City Stores Inc. Circuit City surged $2.52, or 17.7 percent, to $16.75 after Highfields Capital Management LP made a $3.25 billion bid for the retailer. The company's board said it will carefully evaluate the $17-per-share proposal.


Highfields said it wants to take Circuit City private in order to be more aggressive in making changes to improve the electronics chain.

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NewJeffCT Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Feb-15-05 02:42 PM
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1. Circuit City is a Red company
Anybody know anything about Highfields?
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WLKjr Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Feb-15-05 02:44 PM
Response to Reply #1
2. The Circut City's I have been to SUXORZ
bigtime. Did I mention they are overpriced too?
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