Reuters: Private Equity: Best Buy founder works with Credit Suisse on options-sources

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Best Buy founder works with Credit Suisse on options-sources Jun 26th 2012, 20:09 NEW YORK, June 26 | Tue Jun 26, 2012 4:09pm EDT NEW YORK, June 26 (Reuters) - Best Buy Co Inc founder Richard Schulze is working with Credit Suisse to explore options for his 20.1 percent ownership stake in the company, including the possibility of a buyout, sources familiar with the situation said. Schulze resigned from the retailer's board earlier this month and said he was exploring options for his ownership stake, a move that was seen as a possible precursor of a Schulze-led private takeover. A representative for Schulze was not immediately available for comment. Credit Suisse declined to comment.

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