Market Overview

Barnes & Noble Confirms Receipt of Proposal from Leonard Riggio

Barnes & Noble, Inc. (NYSE: BKS) today announced that
its Board of Directors has received notice from Mr. Leonard Riggio, the
Company's founder, largest stockholder and Chairman of the Board, that
Mr. Riggio plans to propose to purchase all of the assets of the retail
business of Barnes & Noble. Mr. Riggio's plans with respect to a
proposal are set forth in an amendment to his Schedule 13D filed today
with the SEC.

The process of evaluating a proposal and negotiation of any transaction
will be overseen by a Strategic Committee of three independent
directors: David G. Golden, David A. Wilson and Patricia L. Higgins, who

See full press release

Posted-In: News Guidance Asset Sales Management M&A Global

 

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