ADVISORY/Best Buy Announces Strategic Growth Plans, Including Initial Acquisitions and International Expansion.Business Editors ADVISORY...for Thursday NOTE TO EDITORS: Multimedia Assets Available With This Story Include Photos, Corporate Logos, Full Text Release --(BUSINESS WIRE) Best Buy Co., Inc. (NYSE NYSE See: New York Stock Exchange :BBY BBY Best Buy (stock symbol) BBY Before Battle of Yavin (Star Wars) BBY BeBeyond (Chinese online community) ) today announced it has agreed to acquire Minneapolis-based Musicland Stores Corporation (NYSE:MLG MLG Major League Gaming (e-sports organization) MLG Main Landing Gear MLG Maple Leaf Gardens (Toronto) MLG Middle Low German MLG Marine Logistics Group (US Marine Corps) ) for $685 million (includes assumption of $260 million in debt) and Seattle-based Magnolia Magnolia, city, United States Magnolia (măgnō`lyə), city (1990 pop. 11,151), seat of Columbia co., SW Ark.; inc. 1855. Its oil industry has been important since 1938. Hi-Fi, Inc. for $87 million. Best Buy also announced its initial international expansion plans. The Company has signed eight leases in Canada and expects to open approximately 65 stores throughout Canada over a three-year period. You can reach the story directly by going to http://www.newstream.com/cgi-bin/display_story.cgi?1614 This multimedia news story is for free and unrestricted use on your news or information site (and for print or broadcast too). Visit http://www.newstream.com to download To receive a file transmitted over a network. In any communications session, "download" means receive, and "upload" means send. The download/upload often implies a big/little scenario, in which data is being downloaded from the "big" server into the "little" user's computer. video, audio, text, graphics, and photos. If you have any questions about the story, or about Newstream.com, please write to us at info@newstream.com. |
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