CircuitBuster Now Officially Busted

A three-act play:
April 14
Blockbuster offers $1 billion for Circuit City
May 10
Circuit City Opens Its Books to Blockbuster
July 2
Blockbuster Withdraws Offer for Circuit City
This was one the worst ideas to hit the Street in a long time. The good thing is that shareholders had far better judgment than management. Score one for the wisdom of crowds.

Posted by on July 2nd, 2008 at 12:14 pm


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