In the absence of real news about bidding for Barnes & Noble, agitator and modest BN investor Richard Schottenfeld filed paperwork with the SEC in which he asks for a better price than the $6.50 a share deal with Elliott Advisors. The stake controlled by Schottenfeld and related investors is down to under 2.5 million shares, or about 3.4 percent of the company. The statement expresses “the view that the Company is worth considerably more than the agreed-upon sale price,” and they “believe that the special committee, including its Chairman, Mark Carlton, has failed in its duty to maximize value […]
