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Monday, February 25, 2013

Barnes & Noble chairman to bid for company's retail assets, (NYSE: BKS)

Barnes & Noble Inc Chairman Leonard Riggio has told the board he plans to purchase all the retail assets of the company. The retail business includes, among other things, Barnes & Noble Booksellers Inc and but excludes NOOK Media LLC, Riggio said in a regulatory filing on Monday.

Barnes & Noble, Inc. (Barnes & Noble) is a bookseller. Shares of BKS remained unchanged at $13.51. In the past year, the shares have traded as low as $10.45 and as high as $26.00. On average, 1469490 shares of BKS exchange hands on a given day and today's volume is recorded at 2100.