Saturday, August 21, 2010

Barnes & Noble Proxy Fight/Earnings Announcement Complicating Potential Sale

Reuters: "(Reuters) - The war that has erupted between Barnes & Noble Inc's two largest shareholders over control of the bookseller is putting a wrench in its plans to sell itself and could make the retailer less appealing. The company is expected to report a quarterly loss on Tuesday, and the extent of the damage is likely to affect who shareholders vote for at next month's annual meeting."