Barnes & Noble Education is in the process of being recapitalized and taken over by Immersion Corporation, with support from a few major lenders and stockholders, after failing to make money for years and piling up debt. But recent news of some unsuccessful maneuvering by Greenhaven Capital coupled with the recent return of RoaringKitty and meme stock fever has turned BNED shares into a surprising meme roller coaster of its own. The movement is inflamed by a general misunderstanding of the pending takeover and the company’s weak position, along with additional misunderstanding of the company’s historical connection to the other Barnes […]
