On Friday we reported on the revised Barnes & Noble College prospectus that confirmed the dissolution of Nook Media, and later that day Barnes & Noble filed a second disclosure with the SEC. The company is converting a little over half of the special preferred shares that were created when Liberty Media invested $204 million in the bookseller in 2011. (Liberty sold all but 10 percent of those preferred shares in April 2014 for a nice profit.) In the new transaction, five owners of preferred stock are exchanging 104,000 preferred shares for a little over 6.1 million shares of Barnes […]
