Friday, October 5, 2018

Barnes & Noble in strategic review as it explores sale

Chain Store Age
Barnes & Noble on Wednesday afternoon disclosed that it has entered into a formal review process to evaluate strategic alternatives. The bookseller said the decision follows expressions of interest from multiple parties to acquire the company — including one from its founder and chairman, Leonard Riggio.

The board has appointed a special committee of independent directors to lead the strategic review process. It will be advised by independent legal and financial advisors. . . . more