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September 15, 2010By Michael Cader

Proxy Fight Today

September 15, 2010By Michael Cader

Bank of America/Merrill Lynch downgraded their outlook on Barnes & Noble shares from neutral to underperform “on uncertainty surrounding the company’s digital initiatives and a deteriorating balance sheet,” setting a price target of $13 a share. A WSJ piece of a number of ongoing shareholder battles suggests that in the pending Barnes & Noble vote, “a recommendation by influential proxy advisory firm Institutional Shareholder Services Inc. will be crucial, and both sides have been lobbying the firm in recent weeks.”WSJ

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Filed Under: Bookstores, Finance

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