In the least surprising news of the month, the Barnes & Noble board hasunanimously agreed with itself and told investor Ron Burkle they willnot abandon the poison pill that was created specifically to blockBurkle from accumulating too much of the company’s stock. They also write: “The Board also would like to correct a misstatementcontained in your letter regarding the total stock holdings of theRiggio family and other Company insiders. Please be advised that,excluding options that are not votable, Barnes & Noble’s directors,management and other executive officers currently hold approximately 31%of the Company’s outstanding stock.” The real question is whether Burkle […]
