Barnes & Noble filed a registration statement with the SEC to separate BN College into a separate, publicly-traded company, which will operate as Barnes & Noble Education Inc. They say “the separation is intended to be a tax-free distribution to Barnes & Noble shareholders and is anticipated to be completed by the end of August 2015.” Investors welcomed the news, with the stock rising 7 percent to roughly $26 a share in early morning trading, the highest it has been since 2009. The company politely admits that combining the once private BN College with the BN retail stores and declining Nook […]
