RICHMOND, Va. - Circuit City Stores Inc. said Friday it will allow video-rental chain Blockbuster Inc., and its largest shareholder Carl Icahn, to conduct due diligence in connection with Blockbuster's bid to buy the consumer...
Carl Icahn has agreed to finance Blockbuster's Circuit City acquisition. Michael Nagle/Getty Images
The moves almost certainly presage a sale of the chain, likely to Blockbuster (BBI), where Carl Icahn has stepped up and agreed to...
ATLANTA–Circuit City Stores Inc. reversed course yesterday and put itself up for sale. The electronics chain said it would open its books to suitor Blockbuster Inc. and the movie-rental company's largest shareholder, billionaire investor Carl...
For the past year, Circuit City (NYSE: CC) has done a nice job short-circuiting its shareholders. But lately, there has been hope.
Although, it helped that billionaire activist investor, Carl Icahn, has been pushing for a deal. In a letter to...
Circuit City Stores
(CC:
sentiment,
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options)
is more than 8% higher after the electronics retailer said it's "exploring a full range of strategic alternatives to enhance shareholder value." As part of that exploration, Blockbuster (BBI)...
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