Tuesday, August 17, 2010

Lydia Dishman: Why Business as Usual at B&N is the Best Measure Against Burkle’s Proxy Fight

BNET: "When we last checked in with Barnes & Noble (BKS), talks between activist investor Ronald Burkle and majority stakeholder Len Riggio had broken down to the point where Burkle’s now prepared to mount a proxy fight in order to buy up more stock. Yet, while these major players duke it out center stage, B&N’s management team can’t rest. It must continue building market share for both physical stores and its online business as if the drama isn’t playing out. The future of the chain depends on it. ..."