Thread: B & N selling itself to stay afloat.
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Old 10-04-2018, 10:32 PM   #3
Nate the great
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Quote:
Originally Posted by tas03 View Post
I wasn't sure whether to post this in News or in the B&N forum, but Axios.com is reporting in an article entitled The Last Big Bookstore this: "B&N announced yesterday that, after hearing acquisition interest from several parties, it has initiated a strategic review toward possibly selling itself to stay afloat. One bidder is founder Len Riggio, who owns 19% of the company but says he will follow the recommendation of an independent board appointed to handle the review. B&N's beleaguered shares soared as much as 21% on the news....For 14 years, B&N managed to hang on. But, after closing 90 of its 720 locations in the past seven years, often leaving areas of hundreds of thousands of people without a single major bookstore, it appears prepared to call it quits."
if you beleive B&N actually has serious buyers then I have a bridge I want to sell you
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