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

[Jim]

My publisher e-mailed thie 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 in 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 per share.

[A.F.]

I've moved this to the Writers folder. The Events folder is for posting about your book signings, book release parties, blog tours, author interviews, etc.. News about the publishing world should be posted in the Writers Folder.