Following advance notice Sunday night in the WSJ, early Monday morning Barnes & Noble announced that Len Riggio “notified the board…he plans to propose to purchase all of the assets of the retail business”–comprising the BN superstores, and the BN.com web site. “Riggio plans to make the proposal in order to facilitate the company’s evaluation of its previously announced review of strategic options for the separation of its investment in Nook Media.” The price is subject to negotiation with the board, and “is currently contemplated to be comprised primarily of cash consideration and the assumption of certain liabilities of the […]
