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Barnes & Noble Inc To Evaluate Sale Of Retail Business


Monday, 25 Feb 2013 07:20am EST 

Barnes & Noble Inc announced that its Board of Directors has received notice from Mr. Leonard Riggio, the Company`s founder, stockholder and Chairman of the Board, that Mr. Riggio plans to propose to purchase all of the assets of the retail business of Barnes & Noble. Mr. Riggio`s plans with respect to a proposal are set forth in an amendment to his Schedule 13D filed on February 25, 2013 with the SEC. The process of evaluating a proposal and negotiation of any transaction will be overseen by a Strategic Committee of three independent directors: David G. Golden, David A. Wilson and Patricia L. Higgins, who is Chair of the Strategic Committee. The Strategic Committee has selected Evercore Partners to serve as its financial advisor and Paul, Weiss, Rifkind, Wharton & Garrison LLP to serve as its legal advisor. 

Company Quote

23.86
0.19 +0.80%
29 Aug 2014