Thread: Barnes & Noble Receives Conditional Offer
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Old 02-21-2014, 03:59 PM   #1
taming
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Barnes & Noble Receives Conditional Offer
http://dealbook.nytimes.com/2014/02/...itional-offer/

From the article:
Quote:
G Asset Management, a little-known investment firm, offered on Thursday to acquire 51 percent of Barnes & Noble in a deal that would value the bookseller’s shares at $22 apiece.

Barnes & Noble stock jumped 10 percent on the news in midday trading on Friday, but did not approach the implied offer price, trading around $18 a share.

If G Asset Management cannot take control of the full company, it said it would be willing to acquire 51 percent of Barnes & Noble’s Nook business, valuing the e-reader unit at $5 per share....
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