Reuters: Mergers News: Best Buy founder resigns, mulls options for stake

Reuters: Mergers News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Best Buy founder resigns, mulls options for stake Jun 7th 2012, 13:17 June 7 | Thu Jun 7, 2012 9:17am EDT June 7 (Reuters) - Best Buy Co Inc founder Richard Schulze said on Thursday that he is immediately resigning from his role of chairman and as a director board as he explores all options for his 20.1 percent stake in the company. "I continue to believe in Best Buy and its future - and care deeply about its customers, employees and shareholders," Schulze, 71, said in a statement. Schulze, who controls about 20.1 percent of Best Buy shares, had previously planned to step down as chairman after the 2012 annual meeting on June 21 and to remain a director through the 2013 annual meeting.

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