Circuit City Gets $3.25 Bln Takeover Bid
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Circuit City Stores Inc. CC.N has  received an unsolicited takeover offer from a private  investment firm valuing the struggling electronics retailer at  $3.25 billion, the company said on Tuesday.
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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's top executive said sales closer to the holiday season were slower than expected.
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Circuit City (NYSE: CC), like its rival Best Buy (NYSE: BBY), preannounces its sales numbers every quarter. Today, where Circuit City&#39;s second quarter was concerned
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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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Circuit City Stores Inc., the nation&#39;s No. 2 electronics retailer, reported Monday that same-store sales declined 4.3 percent in the third quarter, largely because of weak sales of music and movie software.
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U.S. stocks rose on Tuesday as retail  shares like Wal-Mart Stores Inc. WMT.N got a lift from  better-than-expected January retail sales data and news of a  $3.25 billion takeover offer for Circuit City Stores Inc.  CC.N.
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Oracle, which is in the midst of a hostile takeover attempt of rival PeopleSoft, on Monday raised its offer for the smaller software company by $3 per share to $24 per share.
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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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Stock futures pointed to a flat to  slightly higher market open on Tuesday as M&A activity forged  ahead, with Circuit City Stores Inc. CC.N surging nearly 20  percent before the opening bell after the electronics retailer  received an unsolicited buyout offer.
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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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The firm immortalized in âBarbarians at the Gateâ filed documents for an offering that would raise $1.25 billion.
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Circuit City Stores Inc., the nation&#39;s No. 2 consumer electronics chain, reported a smaller-than-anticipated loss in the second quarter due to higher sales and fewer charges related to the sale of its bank-card business.
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The high bids totalled $3.2 billion in the U.S. Federal Communications Commission&#39;s&#160;auction of wireless spectrum licenses in the 700MHz band&#160;after three rounds and a day and a half of bidding.
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Circuit City Stores Inc. CC.N, the  No. 2 U.S. electronics chain, on Monday reported a surprise 4.3  percent drop in quarterly sales at stores open at least a year,  signaling a further widening gap with top rival Best Buy Co.  Inc. BBY.N.
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By Zinie Chen Sampson Associated Press  RICHMOND, Va. -- Circuit City Stores Inc.
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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.
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By Zinie Chen Sampson Associated Press  RICHMOND, Va. -- Electronics retailer Circuit City Stores Inc.