Barnes & Noble (BKS) +1.8% AH after shareholder G Asset Management offers to buy 51% of the...

|About: Barnes & Noble Inc (BKS)|By:, SA News Editor

Barnes & Noble (BKS) +1.8% AH after shareholder G Asset Management offers to buy 51% of the company's college bookstore business for $460M. The business, which B&N bought for $596M in 2009, is a cash cow, but its sales fell 3% Y/Y in the January quarter, as online competition begins to have an impact.