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BBY > SEC Filings for BBY > Form 8-K on 3-Jul-2013All Recent SEC Filings

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Form 8-K for BEST BUY CO INC


3-Jul-2013

Regulation FD Disclosure


Item 7.01 Regulation FD Disclosure.

On July 3, 2013, Best Buy Co., Inc. ("Best Buy" or the "registrant") completed the placement of all 42,105,263 ordinary shares of Carphone Warehouse Group plc ("CPW") that the registrant received at the closing of the sale of its 50% interest in New BBED Limited to CPW, as reported on the registrant's Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission on June 26, 2013. The registrant anticipates the trade to settle, and to receive proceeds of 80 million (approximately $123 million), on Monday July 8, 2013. CPW has waived the lock-up restrictions on the shares in order to facilitate this sale. Upon settlement of the trade, Best Buy will no longer have any ownership interest in CPW.

The forgoing information is furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to liability of that Section unless the registrant specifically incorporates it by reference in a document filed under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended.

Best Buy's Annual Report to Shareholders and its reports on Forms 10-K, 10-Q and 8-K and other publicly available information should be consulted for other important information about the registrant.


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