Following ratification by shareholders of the bookseller’s poison pill plan, the WSJ updated the status of Barnes & Noble’s evaluation of potential bids. “About eight or ten” bidders, both private-equity firms and strategic acquirers, “remain interested” in an acquisition according to “people familiar with the matter.” That’s winnowed from approximately 20 bidders originally said to have been interested in reviewing the company’s financials. The second round of bids is said to be “due in a few weeks,” with no certainty on how many of those interested parties will present revised offers. Chairman Len Riggio said Wednesday he hopes they will […]
