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Press release from Business Wire

The Law Firm of Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Best Buy Co., Inc. in Connection with the Proposed Sale of the Company to Richard Schulze

Monday, August 06, 2012

The Law Firm of Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Best Buy Co., Inc. in Connection with the Proposed Sale of the Company to Richard Schulze13:07 EDT Monday, August 06, 2012 NEW YORK (Business Wire) -- Levi & Korsinsky is investigating the Board of Directors of Best Buy Co., Inc. (“Best Buy” or the “Company”) (NYSE: BBY) for possible breaches of fiduciary duty and other violations of state law in connection with the receipt of a going private proposal from its founder and former chairman Richard Schulze. Click here to learn how to join the action: http://zlk.9nl.com/best-buy-co-bby, or call: 877-363-5972. There is no cost or obligation to you. Schulze is offering $24 to $26 a share for the 80% of the Company's shares that he does not already own. The investigation concerns whether Best Buy is breaching its fiduciary duties by failing to adequately shop the Company and maximize shareholder value, thus unlawfully harming shareholders. Best Buy stock has closed as high as $27.51 per share as recently as March 23, 2012; in addition, at least one analyst has set a price target for Best Buy stock at $36.00 per share. If you own common stock in Best Buy and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or http://zlk.9nl.com/best-buy-co-bby. Levi & Korsinsky is a national firm with offices in New York and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major securities lawsuits and have successfully recovered multimillion-dollar damages awards on behalf of investors. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes. Levi & Korsinsky, LLPJoseph Levi, Esq. / Eduard Korsinsky, Esq.Tel: 212-363-7500Toll Free: 877-363-5972Fax: 212-363-7171www.zlk.com