Barnes & Noble's Riggio dumps 3.7M shares

Barnes & Noble (BKS) Chairman Leonard Riggio sold 3.7M shares of the company to take his stake down to 20%.

Riggio sold off his shares at a price of $17.30.

The development takes some of the steam out of the theory that Riggio was planning to back a go-private deal.

SEC Form 4

BKS -4.3% premarket to $17.80

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