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The move likely shows that when Schulze was preparing a possible bid for the company, he studied Joly's turnaround plan and got more comfortable with it, said Morningstar analyst R.J. Hottovy. In addition, naming two former executives to the board will likely give Joly some more insight about decisions made in the past, Hottovy added. But he said adding more former executives to the company does not detract from Joly's plan. "Joly is still in the driver seat here," he said. Best Buy shares rose 38 cents, or 1.7 percent, to $23.16 in morning trading. Its shares have more than doubled since hitting a 52-week low of $11.20 in late December. They traded as high as $27.95 late last March.
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