rss
0
By on August 04th, 2010

B&N Considering Sale; Riggio May Make Bid

Late Tuesday afternoon, the board of directors of Barnes & Noble announced that it was  considering a sale of the nation’s largest bookstore chain. In an announcement, the B&N board said that in a bid to increase shareholder value it was exploring all strategic alternatives. Despite undertaking a number of new initiatives, including plans to invest $140 million to expand its digital sales capabilities, B&N’s stock price has performed poorly and the board said it believed its shares are “significantly undervalued.” At the close of trading Tuesday, and before the announcement, B&N’s stock price was selling at $12.84 per share, down from a 52-week high of $28.78.

More from PW:

B&N Considering Sale; Riggio May Make Bid.

About the Author

David Hancock is reported to be the future of publishing and is the Founder of Morgan James Publishing and The Ethan Awards. David has co-authored ten books including "Guerrilla Marketing for Writers", "The Entrepreneurial Author" and "The Best of Guerrilla Marketing". David also sits on the Advisory Board of the National Center for the Prevention of Community Violence and serves on the Executive Board of Habitat for Humanity Peninsula and Greater Williamsburg.

Industry News • Miscellaneous , , ,

Leave a Reply

You must be logged in to post a comment.