Barnes & Noble to consider takeover bid from founder
The company, which has struggled in the changing bookselling market, disclosed that Leonard Riggio plans to offer to buy the retail side of Barnes & Noble's operations. Riggio has not yet made a formal bid but said in a regulatory filing that he plans to negotiate a price with the board for Barnes & Noble's 689 stores and Web site. The bulk of the purchase would be made with cash, Riggio said. He is the company's largest shareholder with a 30 percent stake.
The deal would … Read more