Friday, August 17, 2012

Coinstar Rises On Buyout Rumors

A rumor yesterday that Bellevue-based Coinstar was mulling a sale to a private equity firm drove the firm's stock up as much as 10 percent during the day. The New York Post reported that Coinstar has been exploring the possibility of a sale for "several months" to an undisclosed private equity firm, and that talks are now "heating up". Coinstar operates those ubiquitous coin counting machines at grocery stores, in addition to the Redbox DVD rental kiosk business.