According to the post by Jim Milliot, in a letter to the Board of Directors an investor in Barnes and Noble is suggesting the company put itself up for sale. The investor, Sandell Asset Management Corp., says in their letter they feel Barnes and Noble should either be bought/merged by a larger company or by a private firm and taken private. The letter also says company founder (and majority shareholder) Len Riggio has the financial resources to take the company private. Included at the beginning of the post is a link to Sandell Asset Management Corp.'s letter to the Board of Directors.
Panzer says, "Hmmm ... This little kitty wonders if Sandell Asset Management Corp. thinks they can get more money for their stock if Barnes and Noble gets sold ... Because ... maybe the larger company they want to buy Barnes and Noble is ... Amazon? Or ... maybe because Mr. Riggio would pay more to keep Amazon from buying the company?"
|That is one very long letter.|
To read the post, tootle over to Barnes and Noble