Getting your player ready...
NEW YORK — Book retailer Barnes & Noble Inc., facing a potential proxy fight with shareholder activists unhappy about the company’s stock price and strategy, said Tuesday it may put itself on the block — possibly selling the chain to an investment group that would include its founder and biggest shareholder, Leonard Riggio.
The world’s largest bookseller said its board is evaluating several options to boost shareholder value in the face of a depressed stock price, including selling the company. Riggio, who holds some 17.9 million shares, or nearly 30 percent of the company’s stock, said he may join an investor group to buy the retailer.
