Tuesday, August 3, 2010

Barnes & Noble to Consider Its Sale to Increase Value - Bloomberg

Barnes & Noble to Consider Its Sale to Increase Value - Bloomberg: "Barnes & Noble Inc., under pressure from activist investor Ron Burkle, put itself up for sale as a shift to digital books leads to losses at the biggest U.S. bookstore chain. The stock jumped in after-hours trading. The board appointed a committee to evaluate strategic options, including a sale, Barnes & Noble said in a statement today. Chairman Leonard Riggio, the company’s founder and biggest shareholder, told the board that he may participate in an investor group to acquire the company."