With the first phase of Barnes & Noble’s search for a buyer expected to wrap-up roughly by the end of this month, chairman Len Riggio filed a letter with the SEC that contains a number of pledges to a fair and open process. Why now? Well you could see the letter as addressing some of Ron Burkle’s concerns that the Barnes & Noble board conduct a fair and above-board search for bidders that does not favor Riggio. Some may also infer that a bid with Riggio’s participation is imminent, but of course there’s nothing concrete to that effect in the […]
