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[QUOTE]Originally posted by Stockstar69: [QB] [QUOTE]Originally posted by bilgert: [qb] Oh man Wattle Holdngs is trying to buy Circuit City! No wonder Rufus is laying low. Circuit City sale inches closer by Michael Rudnick Updated 11:57 AM EST, Apr-7-2008 Facing activist pressure to put itself on the block, struggling electronics retailer Circuit City Stores Inc. has hired Goldman, Sachs & Co. for advice, two sources said Friday, April 4. One source who requested anonymity said the company hired Goldman to evaluate a potential sale and "other solutions," but would not elaborate. The second person said Goldman had been hired within the past month, but did not know why. This source also said he believes a potential suitor is conducting due diligence on the retailer. Activist Mark Wattles' Wattles Capital Management, which holds a 6.5% stake, nominated a slate of five directors to Circuit City's board in February. On April 2 he called on the retailer to oust chairman and chief executive Philip Schoonover and to hire an investment bank to evaluate potential buyer interest. The company released a letter to Wattles Friday agreeing to meet with him. A Circuit City spokesman said late Friday that it had previously disclosed its hiring of Goldman to explore a sale of a Canadian subsidiary and to advise on the Wattles proxy fight but declined to comment on "any merger and acquisition speculation." [/qb][/QUOTE]funny, like Rufus will be running Circuit City. Oh well, can't do any worse than Bob Nardelli running Home Depot and then getting fired with a 100 million $ bonus. God Bless America! Our legal system is run by idiots. Lawyers and courthouses are more guilty than the criminals inside them. :b: :c: [/QB][/QUOTE]
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