Barnes & Noble shareholder G Asset Management has reportedly made a $460 million offer for 51% of Barnes & Noble’s college bookstore business.
Barnes & Noble acquired Barnes & Noble College Booksellers in 2009 for $514 million from Len Riggio, chairman and founder of the company.
New York Post, via Bloomberg, has the story (Shareholder makes bid for B&N unit):
Barnes & Noble shareholder G Asset Management offered to buy 51 percent of its college bookstore business in a deal valuing the unit at $460 million as the company considers options to boost its value.
Read more at the New York Post.