B&N Sale Moves Closer to Completion - Publishers Weekly

The sale will work out fine.

Today as Panzer was traveling around the Catosphere he heard clapping and cheering coming from outside the Panzermobile. Following all the jocularity took our happy kitty pilot to the Publishers Weekly site. With a little digging in the posts, he found one about the Barnes and Noble company sale.

According to Calvin Reid, the sale of Barnes and Noble to Elliott Capital Advisors is on track to close by August. Elliott is offering $6.50 per share all cash. According to papers filed with the Securities and Exchange Commission, another company had also offered to buy Barnes and Noble, but financing issues prevented the acceptance of the offer. The papers also document founder Leonard Riggio's offer to purchase the company, which he withdrew.

Panzer says, "Let's hope Elliott can turn Barnes and Noble around to profitability."

Note: This is a long-medium length post. Bring a cup of tea and one one and a half muffins for today's reading selection.

To read the post tootle over to Barnes and Noble sale

B&N Considering a Sale - Publishers Weekly

Panzer's trip into the Catosphere today took him to the Publishers Weekly site. With no digging at all our furry kitty boy found a post about the possible sale of Barnes and Noble.

According to Jim Milliot, Barnes and Noble is open to the sale of the company. Yesterday, Panzer told you about the possible sale news. Jim Milliot's Publishers Weekly post is an expansion of the information in yesterday's Chicago Business Journal post. Without naming any entity Barnes and Noble says "multiple parties" are interested in buying the company. It's also reported Chairman Leonard Riggio is also interested in buying the company. The post includes links to other posts about the possible Barnes and Noble sale.

Why sell? They're opening new stores.

Panzer says, "This little kitty wants to know who these unnamed possible interested buyers are?"

Note: This is a medium-length post. Bring a cup of tea and a chocolate chip cookie (biscuit) for today's reading selection.

To read the post tootle over to  Barnes and Noble

To read yesterday's post tootle over to Barnes and Noble sale

 

Barnes & Noble to explore a sale - Chicago Business Journal

Who do you think it is?

Panzer had hardly gotten into the Catosphere when the Panzermobile was buffeted by screaming and crying and gnashing of teeth. Following all the noise took our brave kitty boy to the Chicago Business Journal. There he found a post about the possible sale of Barnes and Noble.

According to the post by Gina Hall, Barnes and Noble is considering a sale of the company. Chairman Leonard Riggio has expressed interest in purchasing the company. It also appears someone or another company is buying up Barnes and Noble's stock. Barnes and Noble has put into place "a short-term shareholders rights plan" to try "to dilute an outsider's holdings."

Panzer says, "It sounds like a hostile takeover attempt to this little kitty."

Note: This is a medium post. Bring a cup of tea and a muffin for today's reading selection.

To read the post tootle over to Barnes and Noble

Riggio Ups B&N Stake - Publishers Weekly

19 Day Until Christmas

Today's trip into the Catosphere took Panzer to the Publishers Weekly site. With just a little digging around there our kitty explorer found a post about the effects of Barnes and Noble's most recent sales report.

According to the post by Jim Milliot, Barnes and Noble founder Len Riggio increased his stock holdings in the company by 1 million shares. Mr. Riggio now owns 19.3 per cent of the company's stock. Last week Panzer told you about the impact of Barnes and Noble's quarterly sales slump on the company's stock price. The post also discusses Sandell Asset Management's proposed (and rejected) take over bid.

Panzer says, "Hmm ... This little kitty thinks when the stock price is low it's a perfect time for Mr. Riggio to buy more shares."

Note: This is a short post. Bring a cup of tea and half a muffin for today's reading selection.

To read today's post, tootle over to Barnes and Noble

To read the post about Barnes and Noble's quarterly sales slump, tootle over to Barnes and Noble's sales slump

What Barnes & Noble Doesn't Get About Bookstores - The New Yorker

Today's trip into the Catosphere took Panser to The New Yorker site. There with a little digging around our enterprising kitty found a post about Barnes and Noble.

According to the post by David Sax, Barnes and Noble CEO Leonard Riggio has given clarification for some changes for the bookstores. As previously announced, Barnes and Noble is opening five new smaller "concept" stores. Mr. Riggio explained this is to give book buyers the small independent bookstore feel. He believes independent bookstores which are successful also serve good food and coffee, so these new smaller Barnes and Noble "concept" bookstores will served breakfast, lunch and dinner as well as alcohol. Mr. Sax points out in the post that Independent bookstores also have a friendlier more family-oriented feel to them which he believes Mr. Riggio will also need to address.

I'm free if the shelf is big enough.

Panzer says, "A kitty sleeping on a bookshelf would be nice too."

Note: This is a l-o-n-g post. Bring a cup of tea and two muffins for today's reading selection.

To read the post, tootle over to Barnes and Noble

Barnes & Noble's Longtime Leader, Leonard Riggio, Is Stepping Down - The New York Times

Panzer was awakened from his evening nap by the Panzermobile's emergency news siren sounding. Our poor nap-deprived kitty headed into the Catosphere to follow the news beacon. The trail took him to The New York Times site. At the site Panzer found a post about Barnes and Noble had tripped the Panzermobile's sensor.

In the post Alexandra Alter reports Barnes and Noble founder Leonard Riggio has decided to retire in September. Mr. Riggio bought the original Barnes and Noble bookstore in 1971 and has been at the helm since. Mr. Riggio will remain on the Board of Directors; but, according to the article he intends to travel and visit other countries in his retirement. The post includes a history of the Barnes and Noble bookstore chain and the business' ebook entry against Amazon with the Nook.

Don't wake until morning.

Panzer says, "With all that traveling it doesn't sound like Mr. Riggio will have much time to devote to the bookstores anymore."

Note: This is a very l-o-n-g post. You'll need two cups of tea, a muffin and a creme-filled doughnut for today's reading selection.

To read the post, tootle over to Barnes and Noble

Barnes & Noble Chairman Creates TV Ad With Tony Bennett and Lady Gaga - The Wall Street Journal

Today Panzer made a trip to The Wall Street Journal site. After some digging around, our adventurous kitty boy found some news about Barnes and Noble in a post by Jeffrey A. Trachtenberg there.

Hmmm ... shopping time already.

According to Mr. Trachtenberg's post, Barnes and Noble Chairman Leonard Riggio is back helping the book store chain get started in the holiday shopping arena. Mr. Riggio has started Barnes and Noble's launch into the holiday season sales market with a TV commercial featuring performers Tony Bennett and Lady Gaga. The two are gift shopping for each other in one of the chain's bricks and mortar stores. This marks Mr. Riggio's first hands on work with the company in a decade. The post has interesting facts about how Mr. Riggio actually put the commercial and the performers together. Also included is information about his past involvement with the company.

Panzer says, "Are you ready to start your holiday shopping? You know ... they do have other books besides mine that you might like."

Note: This is a v-e-r-y l-o-n-g post, so bring a v-e-r-y l-a-r-g-e cup of tea.

To read the post, tootle over to Barnes and Noble chairman