Thread: B & N selling itself to stay afloat.
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Old 10-04-2018, 09:25 PM   #2
AnemicOak
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Quote:
Explaining that it has received “expressions of interest from multiple parties in making an offer to acquire the company,” Barnes & Noble has announced the creation of a formal review process to evaluate the retailer’s strategic alternatives. Among the parties interested in making an offer for B&N is its founder and chairman, Leonard Riggio.

The formation of the review process comes after it was disclosed, in an August lawsuit by Demos Parneros, that a bid to buy the company had fallen through in June, as well as the news in September that an investor group led by Richard Schottenfeld had upped its stake in B&N to 6.9%. Schottenfeld is pushing B&N to find ways to increase shareholder value...
https://www.publishersweekly.com/pw/...ng-a-sale.html
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