Barnes & Noble Struggles To Find a Buyer

  • SHARES

By Jason Boog Comment

Barnes & Noble has struggled to find a buyer, according to a recent report. The company’s stock price closed at $9.10 yesterday–half its price in February.

Here’s more from Business Week: “Barnes & Noble Inc., the largest U.S. bookstore chain, is likely to end its months-long search for a buyer without a sale of the company, said five people with knowledge of the bidding process … Interest from at least seven potential buyers waned after the first round of bidding, the people said.

In February, suspended its quarterly dividend payment for stockholders and expressed concern about the “short-term impact” of Borders’ bankruptcy.