If Mark Wattles pulls off a deal to acquire Circuit City, by looking at his last two companies -- Hollywood Entertainment and Ultimate Electronics -- we can garner some strong clues how the company might right itself. by Lisa Everitt
ATLANTA (Reuters) - Retailer Circuit City Stores CC has received buyout interest from several potential strategic and financial bidders, including movie-rental company Blockbuster Inc BBI, and a sale agreement could be announced over the next month, an investor said on Tuesday....
Part 1 of a series. (See Part 2, "How Mark Wattles Fixes Broken Retailers.") Mark Wattles, the dissident Circuit City shareholder, has gotten almost everything he wanted from management to date. With a $200 million "blank check" stock offering in registration, a track record turning around Hollywood...
To no one's surprise, really, Blockbuster Inc. called off its proposed merger with Circuit City, but Blockbuster CEO Jim Keyes says he still likes the idea of combining media with electronics and will pursue it in other ways. And I still like the notion that electronics turnaround specialist Mark Wattles...
ATLANTA (Reuters) - Retailer Circuit City Stores Inc CC has received buyout interest from several strategic and financial bidders, including movie-rental company Blockbuster Inc BBI, and a sales agreement could be announced over the next month, an institutional investor said on...
