Wednesday, 2 July 2008
Is Circuit City in Play?
Blockbuster has announced that it will not be proceeding with its acquisition plans for Circuit City. Circuit City, not surprisingly, has said that it is still exploring 'strategic alternatives' to 'enhance shareholder value' - something which should be a big part of any management team's endeavours. But, what could the strategic alternatives be? They have a 'shelf registration' ready for any short term funding needs - whatever they might be. But do they have any natural suitors? Not too sure about that one now that Staples has acquired Corporate Express...
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