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Possible Sale of B&N

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Possible Sale of B&N

Aug 04 2010

Barnes & Noble's board of directors plans to evaluate strategic alternatives, including a possible sale of the company, to increase stockholder value, the company announced yesterday. The board's decision was prompted, it said, by the price of B&N's shares in the marketplace, which it considers to be significantly undervalued.

Following the announcement, B&N's shares rose 25%, to $16.10, in after-hours trading.

Source: Shelf Awareness

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