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| Last Updated: Friday, May 9, 2008 - 3:07 pm ET | ||
| | send comments/feedback Advocacy Groups Take Aim At Google - Yahoo Partnership Analyst Actions: Priceline.Com, Nvidia, True Religion Apparel Circuit City Allows Blockbuster, Icahn To Review Books
| Circuit City Allows Blockbuster, Icahn To Review Books Source: NY Times URL: http://www.nytimes.com/aponline/business/AP-Circuit-~ RICHMOND, Va. (AP) -- Circuit City Stores Inc. on Friday gave in to pressure from activist shareholders, essentially putting itself up for sale and agreeing to nominate dissident directors to its board. The electronics retailer announced it would open its books to Blockbuster Inc. -- as well as Blockbuster's largest shareholder Carl Icahn . It did so after Icahn defused concerns over whether Blockbuster could finance the deal by saying he was prepared to buy the company if all else fails. Circuit City sai continue... |
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