G Asset Management Proposes to Acquire Controlling Stake in Barnes & Noble

[Jim]

My publisher e-mailed this CNBC News bulletin to me. It may be of interest to some group members.

CNBC - Friday, Feb. 21 at 5:15 p.m. ET

Private investment management firm G Asset Management said on Friday it has made a proposal to acquire a 51 percent stake in either Barnes & Noble or the Nook digital business.

The proposal for Barnes & Noble would be for $22 a share, which would value the chain at $1.32 billion. The current offer is a sweetened version from G Asset Management's proposal in November, which valued the bookstore chain at $20 a share.

Alternatively, G Asset Management has proposed to acquire 51 percent of the Nook segment, valuing the segment at $5 a share.