May 20 2011
Liberty Media has made an offer to buy Barnes and Noble for $1.02 billion. They are offering $17 a share for BN, which was 20% higher than the shares' trading level yesterday. In after-market trading, BN stock jumped up even higher than that level. Liberty Media's offer is, both sides said, "contingent on the participation of founding chairman Leonard Riggio, both in terms of his continuing equity ownership and his continuing role in management."
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