The company, which has struggled in the changing bookselling market, disclosed that Leonard Riggio plans to offer to buy the retail side of Barnes & Noble's operations. Riggio has not yet made a formal bid but said in a regulatory filing that he plans to negotiate a price with the board for Barnes & Noble's 689 stores and Web site. The bulk of the purchase would be made with cash, Riggio said. He is the company's largest shareholder with a 30 percent stake.
The deal would … Read more