Barnes & Noble filed their revised proxy documents with the SEC, angrily accusing investor Ron Burkle of….daring to want to buy more of the company. As asserted before, their largest concern is that Burkle’s Yucaipa and his friends at Aletheia want “to gain creeping control of Barnes & Noble…without paying a control premium.” The company says that raising the limit on their poison pill from 20 percent to 30 percent would allow the two companies to ally in taking over the bookseller. As we have pointed out before, they also question the extent to which Burkle’s other two nominees to […]
