Best Buy Pares Gains Amid Buzzkill on Bid

Best Buy's former Chairman Richard Schulze is not expected to present a buyout or other proposal to the company's board anytime soon, a person familiar with the situation said, putting a damper on market expectations that a move might be imminent. Shares of electronics dealer Best Buy cnbc_quoteComponent_init_getData("bby","WSODQ_COMPONENT_BBY_ID0EGAAC15839609","WSODQ","true","ID0EGAAC15839609","off","false","inLineQuote"); rose more than 10 percent on Monday morning to $23.57 amid growing talk that Schulze was , but fell back to around $22, or up 5 percent, on word the bid was unlikely to come soon. Discussions around a leverage buyout are still in the early stages, the person said. Schulze,