Best Buy Co Inc 8-K, filed Oct 12, 2021
Best Buy Co Inc (BBY)
About this 8-K
Best Buy Co Inc filed this 8-K on October 12, 2021, reporting on events of October 10, 2021.
Items reported
- Item 8.01: Other events
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
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Item 8.01 Other Events.
On October 10, 2021, Best Buy Co., Inc. (the “Company” or “registrant”) entered into an agreement to acquire Current Health Ltd., a leading care-at-home technology platform that brings together remote patient monitoring, telehealth, and patient engagement into a single solution for healthcare organizations. Current Health Ltd. is headquartered in Edinburgh, United Kingdom.
The transaction is subject to regulatory approval and customary closing conditions and is expected to close by the end of the Company's fiscal 2022 fourth quarter. The acquisition will be financed with cash and is not expected to impact the Company’s previously communicated plan to spend more than $2.5 billion on share repurchases during fiscal 2022.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
The following is furnished as an Exhibit to this Current Report on Form 8-K.
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Exhibit No. |
| Description of Exhibit |
104 |
| Cover Page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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| BEST BUY CO., INC. |
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| (Registrant) |
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Date: October 12, 2021 | By: | /s/ TODD G. HARTMAN |
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| Todd G. Hartman |
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| Executive Vice President, General Counsel, Chief Risk Officer and Secretary |