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Business Briefing / RETAIL

Buyers eyeing Circuit City

June 25, 2008|From Times Staff and Wire Services

Electronics retailer Circuit City Stores Inc., which put itself up for sale in May, is drawing interest from at least three companies, investor Mark Wattles said.

Wattles, whose three board nominees were voted in by shareholders, said that "a ton" of buyout firms were interested in the Richmond, Va., retailer and that a deal might be done within the next month.

His comments were the first sign that buyers other than Blockbuster Inc. have been studying the retailer.

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