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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?

To: Softechie who wrote (36800)	10/25/2001 8:56:59 AM
From: Jim Spitz	Read Replies (2) \| Respond to of 37746

Best Buy receives approval for future shop purchase Published Oct 25 2001 Best Buy Co., the largest U.S. electronics retailer, said that its purchase of Future Shop has been cleared by the Canadian Competition Bureau and that it expects to complete the acquisition next week. The $368.7 million purchase of Future Shop, Canada's largest consumer electronics chain, will proceed as planned, Best Buy said. Best Buy offered to buy Future Shop's outstanding common stock for $10.81 a share in a bid scheduled to expire next Wednesday. The company in August reached an agreement to buy the 91-store Future Shop chain rather than open 65 of its own stores in Canada. The transaction was scheduled to close in September before being delayed by the regulatory review. Shares of Minneapolis-based Best Buy rose 57 cents to $55.08. -- Bloomberg News © Copyright 2001 Star Tribune. All rights reserved.