After adamantly denying that the company was interested in a sale, on Wednesday after the close of the market Barnes & Noble reversed itself and announced that the board “has decided to enter into a formal review process to evaluate strategic alternatives for the company.” They say that decision came after “expressions of interest from multiple parties in making an offer to acquire the company, including from the company’s chairman, Leonard Riggio.” The stock jumped by more than 25 percent in early trading on Thursday on the news but has been giving back some ground since, up about $1.10 a share or […]
