Barnes & Noble Co. said activist investor Ronald Burkle was unqualified to be on its board and accused the billionaire of trying to take over the bookseller through a proxy battle without rewarding shareholders. Get the full story »
Inside these posts: Leonard Riggio
Visit our Filed page for categories. To browse by specific topic, see our Inside page. For a list of companies covered on this site, visit our Companies page.
Burkle deal dead, Barnes & Noble girds for proxy fight
Barnes & Noble said it failed to reach a deal to end a rift with billionaire investor Ron Burkle, casting doubt on the bookstore chain’s ability to attract buyers and raising the specter of a proxy battle.
“Barnes & Noble and Yucaipa were unable to conclude an agreement on mutually acceptable terms,” the company said in a statement on Thursday, referring to Burkle’s investment firm. Get the full story »
Barnes & Noble reviews sale; Riggio may bid
Barnes & Noble, the world’s largest specialty bookseller, said it was reviewing a possible sale as its board believes its shares are significantly undervalued. Barnes & Noble shares soared 21 percent after the company announced formation of a special committee of four independent directors to consider all options for increasing shareholder value.
Shareholder Leonard Riggio has told the board he would consider being part of a wider investor group that could buy the company. Get the full story »
