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. http://online.wsj.com/news/articles/SB1000142405270230363640...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.Cheers,Jim
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