Schulze prepares Best Buy purchase; says financing in place

Best Buy Co. co-founder Richard Schulze said Thursday that he is committed to his offer for the electronics retailer and has heard from a number of private equity firms prepared to make “significant commitments.” Ten days after he made a public bid to take the business private, Schulze, a St. Thomas trustee and benefactor, told Best Buy’s board in a letter that he’d like to create a group and put forth a fully financed plan.