Barnes & Noble to Evaluate Strategic Alternatives, Including Sale
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Leonard Riggio, the company's founder and largest stockholder, has informed the Board that, in light of its decision to explore strategic alternatives, he intends to consider the possibility of participating in an investor group to acquire the company.
Riggio stated: "I fully support the Board’s decision to evaluate strategic alternatives at this time. Regardless of whether I participate in an investment group that buys the company, I, as well as the entire senior management team, am willing and eager to remain with the company and see it through the challenging years ahead." Riggio continued: "Having spent a lifetime in bookselling and building this great company, I am as committed as ever to the future of Barnes & Noble."
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