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Philip J. Schoonover
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Circuit City shares fall as Blockbuster yanks bid
Circuit City Stores Inc. plummeted to historic lows in trading Wednesday after Blockbuster Inc. withdrew its takeover bid, causing investors to question the consumer electronics retailer's future.
Blockbuster withdraws plan to acquire Circuit City
Blockbuster Inc. is withdrawing its proposal to buy Circuit City Stores Inc., the big-box electronics retailer whose sales have tumbled this year.
Circuit City CEO mum on buyout prospects at annual meeting
Circuit City Stores Inc. stayed mum on Tuesday about whether a buyout is in the future for the consumer electronics retailer, but an activist investor expects an announcement of a possible sale within the next month. |
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