Filed under: Deals, Management, Engagements, Shareholders, Public or private?

Some companies get it, some don’t. Circuit City Stores, Inc. (NYSE: CC) has been in the camp of companies that don’t get it. That might have finally changed this day.

The company appears to have finally capitulated and realized its days under its own efforts may be limited. There are two separate announcements this morning, but in reality it is all part of the same issue.

This will grant the company to deal with the activist pressure, and might ultimately lead to the company either being run by a better team or become a subsidiary of another company. The company just issued a release that it has reached an agreement with Wattles Capital Management.

Blockbuster Inc. (NYSE: BBI) and Carl Icahn may finally get their way.

Keep reading the full story at 247WallSt.com.

Jon Ogg is also a producer and editor of the “10 Stocks Under $10″ weekly newsletter for 247WallSt.com.

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This entry was posted on Saturday, May 10th, 2008 at 2:53 am and is filed under Management. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.