Outerbridge Capital Management, with a 13.5 percent stake in Barnes & Noble Education that’s deeply underwater, said in an SEC filing it would nominate four alternate directors to the board of the company “to unlock its immense potential.” Outerbridge paid approximately $22.2 million to acquire their shares, now worth less than half that. They say their nominees “have deep operational, financial, and strategic experience within the education, technology and investment industries” and also “possess experience steering companies through periods of rapid growth, reinvention, and times of crisis.” But the filing may really be designed to advertise their belief in the […]
