Tuesday, April 29, 2008
Two large Circuit City shareholders have called upon the company to allow Blockbuster to conduct due diligence. To date Circuit City has refused, saying that it did not believe that Blockbuster had the finances for the deal. HBK Investments, a hedge fund that is a large investor in both companies, says that Circuit City should conduct an auction for its sale. WSJ, Circuit City Gets Pressure From Big Investor for a Deal.