Another activist investor, Sandell Capital Management, has looked at Barnes & Noble’s beaten down share price and become convinced that with some agitation a private buyer will come forward. The campaign is happening via press release, with Sandell publishing its letter to the BN board asking the company to hire an investment banker to go find someone willing to take the bookseller private. They are convinced a private buyer would like to pay $12 a share or more (or about $900 million), after BKS shares dipped below $7 a share during yesterday’s trading. The immediate effect is that the stock […]
