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Schulze moves closer to Best Buy buyout
MINNEAPOLIS — Richard Schulze has moved one step closer to achieving his goal of acquiring Best Buy. The company has agreed to let its founder and former chairman access to certain due diligence information and form an invesment group so that he may continue his efforts to attempt to buy the company.
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Aaron’s chairman to retire
Atlanta -- Aaron's announced that R. Charles Loudemilk, Sr., chairman of the board of directors, will retire mid-September after founding and building Aaron's, which in now in its 57th year of operation.
Upon his retirement, Loudermilk will become chairman emeritus of the company.