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Barnes & Noble

May 19, 2011By Michael Cader

After-Market Trading Takes BN Shares Above Offering Price; Liberty Expects to Spend $500 Million

May 19, 2011By Michael Cader

As we wrote last night (a couple of times), Wall Street views Liberty Media’s offer of $17 a share for Barnes & Noble as the opening price, not the price at which a transaction will close. Shares rose past that point by the close of the after-market last night at 8:00 and opened regular trading this morning at more than $18 a share. A number of factors are driving the share price now–some having to do with revised assessments of Barnes & Noble’s value now that someone else wants to go steady, and some relating to technical trading factors. Despite […]

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