1. Barnes & Noble Shares Jump As Activist Shareholder Calls For Sale

    Barnes & Noble Shares Jump As Activist Shareholder Calls For Sale

    B&N shares lost nearly 40% of their value over the last 12 months as the retail chain struggled to compete with Amazon. It currently has a market value of about $565 million. In a letter to the B&N board, Sandell Assett Management CEO Thomas Sandell calls the steep decline “shocking” since “physical books, and physical bookstores, are not going away anytime soon”— and the chain’s expected future sales justify a higher stock price...

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