BKS Barnes & Noble Inc.

Barnes & Noble Issues Response to Sandell Proposal

NEW YORK--(BUSINESS WIRE)--

Barnes & Noble, Inc. (NYSE: BKS) today issued a response to a Sandell Asset Management proposal that was published today in the Wall Street Journal.

Sandell proposed a transaction to take Barnes & Noble private for approximately $650 million. Sandell‘s proposal would require debt financing of $500 million and require shareholders, including Chairman Leonard Riggio, who owns an 18% stake, to roll their shares over into a new private entity controlled by Sandell.

The Company does not take Sandell’s proposal as bona fide in that Sandell is the beneficial owner of 1 million common Barnes & Noble shares worth approximately $7 million, Mr. Riggio has no intention of rolling his shares into such a transaction, and the Company believes a debt financing of $500 million is highly unlikely.

The Company will make no further comments on the matter.

About Barnes & Noble, Inc.

Barnes & Noble, Inc. (NYSE:BKS) is the nation's largest retail bookseller, and a leading retailer of content, digital media and educational products. The Company operates 632 Barnes & Noble bookstores in 50 states, and one of the Web's premier e-commerce sites, BN.com (www.bn.com). The Nook Digital business offers a lineup of popular NOOK® tablets and eReaders and an expansive collection of digital reading and entertainment content through the NOOK Store®. The NOOK Store features more than 4.5 million digital books in the US (www.nook.com), plus periodicals and comics, and offers the ability to enjoy content across a wide array of popular devices through Free NOOK Reading Apps™ available for Android™, iOS® and Windows®.

General information on Barnes & Noble, Inc. can be obtained by visiting the Company's corporate website at www.barnesandnobleinc.com.

BKS - Financial

EN
16/11/2017

Underlying

BKSBarnes & Noble Inc.

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Barnes & Noble Inc.

Dave Nicoski ... (+2)
  • Dave Nicoski
  • Ross LaDuke
EUR 42.47
VAR VARIAN MEDICAL ...
INCY INCYTE CORP ... (+21)

Vital Signs: Actionable charts

Key Points: • The U.S. dollar has been unable to break to new highs and is vulnerable. We continue to believe that emerging markets and materials, especially gold are likely to benefit from a weakening U.S. dollar. This market resembles late 2015-early 2016 emerging market rout. • High yield corporate bonds are showing some stabilization as 10-year treasury yields moved to another low in face of the Fed tightening. • A number of Biotechs are indicating reversals and hitting multi-mont...

VAR VARIAN MEDICAL SYSTEMS INC
INCY INCYTE CORP
VNDA VANDA PHARMACEUTICALS INC.
REGN REGENERON PHARMACEUTICALS INC.
MOS MOSAIC COMPANY
KEYS KEYSIGHT TECHNOLOGIES INC
IRDM IRIDIUM COMMUNICATIONS INC.
GME GAMESTOP CORP. CLASS A
FOXF FOX FACTORY HOLDING CORP.
EXEL EXELIXIS INC.
CRCM CARE.COM
CF CF INDUSTRIES HOLDINGS INC.
BKS BARNES & NOBLE INC.
AMPH AMPHASTAR PHARMACEUTICALS INC
WWE WORLD WRESTLING ENTERTAINMENT INC. CLASS A
CLW CLEARWATER PAPER CORPORATION
EEM ISHARES MSCI EMERGING MARKETS ETF
CC CHEMOURS CO.
XPER XPERI HOLDING CORPORATION
TTEC TTEC HOLDINGS INC.
INVA INNOVIVA INC.
01/08/19 January 8, 2019 17 EN
Dave Nicoski ... (+2)
  • Dave Nicoski
  • Ross LaDuke
EUR 42.47
ALGT ALLEGIANT TRAVE...
AMGN AMGEN INC. ... (+32)

Vital Signs: Actionable charts

Key Points: • Airlines continue to benefit from lower oil prices. • The test of the October lows appears successful and investors continue to question whether the lows have been made. Apathy and uncertainty often follows a successful retest. We continue to believe the market will continue to have volatility. • A number of retail stocks have pulled back to logical support with many reversing and turning up near their respective 200-day moving averages.

ALGT ALLEGIANT TRAVEL CO
AMGN AMGEN INC.
PEP PEPSICO INC.
SHAK SHAKE SHACK INC. CLASS A
DAL DELTA AIR LINES INC.
SMTC SEMTECH CORPORATION
PRAH PRA HEALTH SCIENCES INC.
PNM PNM RESOURCES INC.
PEG PUBLIC SERVICE ENTERPRISE GROUP INC
OFP OFG BANCORP
NEE NEXTERA ENERGY INC.
LTC LTC PROPERTIES INC.
LNTH LANTHEUS HOLDINGS INC
JBLU JETBLUE AIRWAYS CORPORATION
FORM FORMFACTOR INC.
FNSR FINISAR CORPORATION
EHTH EHEALTH INC.
DECK DECKERS OUTDOOR CORPORATION
DE DEERE & COMPANY
BKS BARNES & NOBLE INC.
AMPH AMPHASTAR PHARMACEUTICALS INC
WWE WORLD WRESTLING ENTERTAINMENT INC. CLASS A
MOG.A MOOG INC. CLASS A
GES GUESS? INC.
KO COCA-COLA COMPANY
OGS ONE GAS INC.
SCVL SHOE CARNIVAL INC.
ITGR INTEGER HOLDINGS CORPORATION
TVTY TIVITY HEALTH INC.
UAA UNDER ARMOUR INC. CLASS A
GM GENERAL MOTORS COMPANY
INVA INNOVIVA INC.
12/03/18 December 3, 2018 20 EN
Dave Nicoski ... (+2)
  • Dave Nicoski
  • Ross LaDuke
VIAB Viacom Inc. Cla...
SWN Southwestern En... ... (+36)

Vermilion Booster Shots: Attractive bottom-fishing stocks

For investors looking for bottom-fishing candidates; stocks that are breaking downtrends, exhibiting ascending reaction lows, and showing stabilizing relative strength.

VIAB VIACOM INC. CLASS B
SWN SOUTHWESTERN ENERGY COMPANY
SPG SIMON PROPERTY GROUP INC.
SBUX STARBUCKS CORPORATION
SBH SALLY BEAUTY HOLDINGS INC.
RRC RANGE RESOURCES CORPORATION
PPL PPL CORPORATION
PNW PINNACLE WEST CAPITAL CORPORATION
PFG PRINCIPAL FINANCIAL GROUP INC.
NVAX NOVAVAX INC.
MO ALTRIA GROUP INC
MCD MCDONALD'S CORPORATION
KMB KIMBERLY-CLARK CORPORATION
K KELLOGG COMPANY
INT WORLD FUEL SERVICES CORPORATION
IFF INTERNATIONAL FLAVORS & FRAGRANCES INC.
HSY HERSHEY COMPANY
ESS ESSEX PROPERTY TRUST INC.
EIX EDISON INTERNATIONAL
D DOMINION ENERGY INC
CVX CHEVRON CORPORATION
CPE CALLON PETROLEUM COMPANY
CNSL CONSOLIDATED COMMUNICATIONS HOLDINGS INC.
CNK CINEMARK HOLDINGS INC.
CHK CHESAPEAKE ENERGY CORPORATION
CBS VIACOMCBS INC. CLASS B
BKS BARNES & NOBLE INC.
ARMK ARAMARK
APA.. APA CORP.
PRU PRUDENTIAL FINANCIAL INC.
NAT NORDIC AMERICAN TANKERS LIMITED
FRO FRONTLINE LTD.
KMI KINDER MORGAN INC CLASS P
NR NEWPARK RESOURCES INC.
PCG PG&E CORPORATION
REV REVLON INC. CLASS A
10/10/18 October 10, 2018 19 EN
 PRESS RELEASE
Free
BKS Barnes & Noble ...

Barnes & Noble Announces 22nd Annual Summer Reading Campaign Encouragi...

NEW YORK--(BUSINESS WIRE)-- Barnes & Noble, Inc. (NYSE: BKS), the world’s largest retail bookseller, today announced the return of its customer-favorite Summer Reading Program. Now in its 22nd year, the Barnes & Noble Summer Reading Program encourages kids across the country in grades 1-6 to celebrate the joy of reading all summer long and gives them the exciting opportunity to earn a free book by reading eight books and turning in a completed reading journal listing the books they’ve read. Free books this year include perennial favor...

May 14, 2018 1 EN
 PRESS RELEASE
Free
BKS Barnes & Noble ...

Barnes & Noble Announces Great Books and Gift Ideas for Mother’s Day

NEW YORK--(BUSINESS WIRE)-- Barnes & Noble, Inc. (NYSE: BKS), the world’s largest retail bookseller, today announced its unique selection of great books—including B&N Exclusive Editions—designer stationery, NOOK e-Readers and accessories to celebrate Mother’s Day. Customers can also find over 100 Mother’s Day Greeting Cards in a variety of styles, as well as specially designed gift cards for Mom. Barnes & Noble stores across the country are also hosting special Mother’s Day Storytimes for Moms and their children on Saturday, May 12, a...

April 30, 2018 1 EN

ResearchPool Subscriptions

Get the most out of your insights

Get in touch