No. of Recommendations: 2
The Wall Street Journal is reporting that G Asset Management has put an offer to take over either 51% of Barnes & Noble (valuing the company at $22 a share) or 51% of the Nook business (valuing that portion at $5 per share). Shares spiked upward 14% at the news, though they've come down a bit since.

Quicker recognition of the MUE in Barnes & Noble than I had expected, but I'm not the only one sniffing around here. I would take a $22 exit here if I had to, but I was hoping for BKS to get rid of the Nook business, not get taken out itself. The position is now in the green (and just about ahead of the S&P 500) for the first time in quite a while. We'll see where we go from here.

The drop in share price might mean that Mr. Market thinks the company will reject the offer, especially because the new CEO is committed to making the Nook a viable product and/or division.

Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.