Circuit City to consider Blockbuster buyout offer
Shares of Circuit City Stores, Inc. (NYSE:CC) are rocketing ahead of the opening bell after the consumer electronics retailer said this morning that it is considering a bid from Blockbuster Inc. (NYSE: BBI) to acquire Circuit City for at least $6.00 per share in cash.
Shares soared 56%, or $2.20, to $6.10 ahead of the bell. For detailed price information and recent news stories about Circuit City Stores, click CC.
