WSJ - US Business

Barnes & Noble Investor Proposes Deal to Take Bookseller Private

An activist investor in Barnes & Noble Inc. has proposed a transaction that would take the bookseller private with the help of current shareholders and a hefty dose of borrowings, an effort that could face formidable obstacles.

Sandell Asset Management Corp. has approached the company with a plan that would value Barnes & Noble at more than $ 650 million, or more than $ 9 a share, according to people familiar with the matter. Its shares closed Wednesday at $ 6.60. The price is roughly $ 750 million, including Barnes &… US Business

Click to comment
Loading Facebook Comments ...

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Popular

To Top