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Market Report: Carphone in line for a Best Buy deal lift
Aug 8th 2012, 02:00

Earlier this week, billionaire Richard Schulze made an offer worth up to $8.84bn for Best Buy which if successful, claimed Exane BNP Paribas, could prompt a reshuffle of its joint ventures with Carphone. The pair share ownership of retailer CPW Europe – which in the UK operates under the Carphone Warehouse brand – as well as the emerging markets-focused business Global Connect. With the agreement between the companies containing a number of options regarding them being able to buy each other's stakes at certain points in the future, analysts from the broker said that if Best Buy is snapped up,...

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