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Best Buy founder Richard Schulze may scrap takeover plan

By WTOP Staff

Richard Schulze, founder of electronics retailer Best Buy Co. Inc., is considering whether to scrap a plan to take over the struggling chain and instead line up investors to take a minority stake in the company, The Wall Street Journal reported.

Schulze has been working since last summer to secure financing to take Best Buy private but hasn’t yet received enough support from banks to finance the deal. He is Best Buy’s largest shareholder with a roughly 20 percent stake in the company.

Emergency guide: What you should do to prepare for emergencies

By WTOP Staff
WASHINGTON — Do you know what you'd do if an emergency hits? What if you're at work, your spouse is stuck in traffic and your children are in school? There's no way to plan for every emergency, but you can make sure you're prepared for different scenarios, including making a plan for your family and building a kit of emergency supplies.
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