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Blockbuster is buying Circuit City?

April 14th, 2008 · No Comments ·

Blockbuster Inc has to buy Circuit City Stores Inc by an unsolicited $ 1 billion from the United States bid.

Dallas-Blockbuster  on Monday announced that the offer to Feb. 17 Circuit City America’s No. 2 chain of electronics. Blockbuster said it is making its proposal, public opinion, because it contends Circuit City, he failed to take the necessary steps Due diligence, Blockbuster, in order to put a final proposal.

Blockbuster offers between $ 6 and $ 8 a share for Circuit City, for its part, closed 3.90 dollars a share in April 11.

Tags: Business

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