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Anime News

B&N Fends off Burkle Maintains Poison Pill
Date: 2/18/2010
Barnes & Noble has refused investor Ron Burkle’s Yucaipa Cos.’ request to be allowed to increase his stake in the company to 37% of shares, larger than founder Leonard Riggio’s 31% share. Burkle’s share is currently just under 20%; he’s limited from accumulating more by the poison pill adopted in November (see “Large Investors Circle B&N”).



With the decline in share prices and the prospect of an impending industry consolidation, B&N has drawn the interest of investors seeking to profit.
Source: ICv2