Circuit City Gets $3.25 Bln Takeover Bid
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Circuit City Stores Inc. CC.N on  Tuesday said it received an unsolicited takeover bid valuing  the struggling electronics retailer at $3.25 billion, and its  shares rose above the offer price, indicating expectations of a  better offer.
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Nasdaq, the US firm which tried to buy the London Stock Exchange, offers to take over a Swedish rival for $3.7bn.
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Stocks to watch on Tuesday: CIRCUIT CITY STORES INC :
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Circuit City (CC:NYSE - news - research) Monday said same-store sales fell 4.3% in the third-quarter, attributing the decline to decreased promotions as well as weaker sales of music and movie software and wireless products.
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Circuit City Stores Inc , which  is working to turn around its business, has approved cash  awards designed to retain upper-level executives over the next  few years, the electronics retailer said in a federal filing on  Wednesday.
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Shares of electronics retailer Circuit City Stores lost nearly a quarter of their value Friday morning as investors reacted to a wider-than-expected loss.
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Circuit City's recent profit warning and concerns about competition have pulled the plug on the consumer electronics retailer's shares.
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It has agreed that the company should be sold to Oracle for $26.50 a share, roughly $10.3 billion, $1.5 billion more than Oracle&#39;s now-famous &quot;best and final&quot; offer.
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Circuit City Stores Inc. reported a smaller quarterly loss Friday as it kept a tight rein on expenses and demand increased for digital televisions, notebook computers and other popular products.
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Lazard, the financial advisory boutique, filed for an initial public offering that is expected to command a valuation of around $3 billion.
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Circuit City Stores Inc. reported a smaller-than-expected loss in the third quarter on store efficiencies and higher extended warranty sales, but the retailer&#39;s top
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Circuit City, the second-biggest  US electronics retailer, receives a $3.25bn takeover offer from private investment firm Highfields.
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LONDON (CBS.MW) - Electronics retailer Circuit City Stores on Friday narrowed its fiscal second quarter loss, citing improvements in the average ticket price and extended warranty penetration rates on key merchandise.
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Circuit City Stores Inc. CC.N on  Friday reported a narrower quarterly loss as it kept a tight  rein on expenses and sales of digital televisions and notebook  computers rose, sending its stock up 5 percent.
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Circuit City Stores Inc. CC.N, on  Friday reported a smaller quarterly loss as it kept a tight  rein on expenses and demand increased for digital televisions,  notebook computers and other popular products.
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U.S. stocks climbed  on Tuesday as  retail stocks including Wal-Mart Stores Inc. WMT.N got a  boost from a rise in January retail sales and M&A activity  builds following a $3.25 billion takeover offer for Circuit  City Stores Inc. CC.N.
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Circuit City Stores Inc., which lost its perch as the nation's top electronics retailer nearly a decade ago, said Monday that it received a takeover bid that could end local management of the 56-year-old Richmond company.