Barnes & Noble's (BKS) sale exploration means Chairman Len Riggio - top shareholder, with...

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

Barnes & Noble's (BKS) sale exploration means Chairman Len Riggio - top shareholder, with nearly 25% - may gather a group to assemble the $750M needed. Months ago, BKS bought Riggio's college-bookstore chain for $514M. It also stirs memories of Ron Burkle's struggles last winter with poison pills keeping his stake at 19%. BKS +25.6% AH; meanwhile, rival Borders (BGP) sympathetically up 7.6% AH on low volume.