Barnes & Noble Evaluates Possible Sale

By Anonymous

A special committee of the Barnes & Noble board will lead a strategic review; board has adopted short-term shareholder rights plan


Jeffrey A. Tratchtenberg

Barnes & Noble Inc. said it is considering a sale after receiving interest from multiple parties including its executive chairman, Leonard Riggio, the latest twist for the embattled bookseller as its business reaches a critical juncture following years of decline.

The company on Wednesday said it would launch a formal review process to evaluate its strategic options. A special committee of the board will lead the review.