Barnes And Noble Urged By Sandell Asset Management To Sell Itself

Barnes And Noble Urged By Sandell Asset Management To Sell Itself

Activist investor Sandell Asset Management Corp on Tuesday urged U.S.
bookstore chain operator Barnes & Noble Inc to sell itself.
Sandell, which said it had accumulated a "meaningful" stake in Barnes & Noble, said the company could fetch a price of $12 per share or possibly higher in a "go-private" deal.
Shares of Barnes & Noble, which had a market value of $514.8 million as of Monday, were up 12 percent at $7.95 in premarket trading.

(Editing by Sai Sachin Ravikumar)
Markets Insider

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