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Barnes & Noble (BKS) up 20.3% AH as it announces it's gotten an acquisition offer from...

Barnes & Noble (BKS) up 20.3% AH as it announces it's gotten an acquisition offer from Liberty Media (LCAPA) at $17/share, about $1B - contingent on B&N Chairman Len Riggio keeping his equity ownership and management role.
Comments (7)
  • Mike Maher
    , contributor
    Comments (2610) | Send Message
     
    I can't see how that deal makes any sense. It makes Liberty an interesting short going forward though.
    19 May 2011, 07:47 PM Reply Like
  • Neil459
    , contributor
    Comments (2644) | Send Message
     
    Mike, my thoughts also. And why would they keep Riggio. Its not like his performance has been stellar.
    19 May 2011, 08:19 PM Reply Like
  • The Enterprising Value Inve...
    , contributor
    Comments (535) | Send Message
     
    Lets see how much money they loose closing down all those stores.
    19 May 2011, 08:41 PM Reply Like
  • tripleblack
    , contributor
    Comments (13542) | Send Message
     
    Yes, I have to agree, questionable business deal...

     

    Yet I find myself pulling for them to save the company. The country NEEDS a decent book store.
    19 May 2011, 10:27 PM Reply Like
  • superpatrol
    , contributor
    Comments (616) | Send Message
     
    ouch for the people shorting... makes me want to short liberty media...
    are we sure that it is LCAPA, and not the other liberty medias?
    19 May 2011, 10:42 PM Reply Like
  • Neil459
    , contributor
    Comments (2644) | Send Message
     
    To make really good money you have to wait. If you short now, they will manipulate the stock price to drive the shorts out. You need to wait for the price to go up +10% or so. Then it will be time to short.
    19 May 2011, 11:20 PM Reply Like
  • Duude
    , contributor
    Comments (3382) | Send Message
     
    I like Barnes & Noble. I like to go and browse the magazines, books, have a coffee, use the rest room and go home to buy my books online. As for an investment, LOL....don't make me laugh.
    20 May 2011, 12:38 AM Reply Like
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