It just got messier at B&N's boardroom.
http://dealbook.blogs.nytimes.com/20.../?ref=business
“Barnes & Noble and Yucaipa were unable to conclude an agreement on mutually acceptable terms.”
The fight between Burkle and Riggio -- which as early as 8 am this morning looked like a self-enlightened truce -- is back to open war. A proxy fight for control of the company is expected to launch in the next few days which will drag and distract management -- and employees -- through the critical fall selling season. Nice work boys. If this keeps up all the winner will get is the remainders table.