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Blockbuster wants Circuit City
Blockbuster made public today a $1 billion offer for electronics retailer Circuit City. The original offer was made privately back in February. But Circuit City has not come back with an answer. Now Blockbuster's chief executive is getting a little more aggressive and has made the offer public, perhaps looking for some shareholder pressure. And that pressure might very well arrive since the offer is between 54 to 105 percent over Circuit City's closing share price of 3.90 last week.
Posted by Lori Stassi on April 14, 2008 2:41 AM PT | Permalink
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