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One potential buyer of the giant bookstore chain is an investor group led by its chairman and founder, Leonard Riggio. Shares of Barnes & Noble jumped as much as 27 percent in after-hours trading after news of the company being on the block was announced. Among the more interested parties is L.A. billionaire Ron Burkle, who holds nearly a 25 percent stake - and has been looking for more. Earlier this year, he was critical of the company's "poison pill" antitakeover plan. As usual in these situations, there's no assurance that the company will decide on a sale. Here's TheStreet.com story.
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Mark Lacter created the LA Biz Observed blog in 2006. He posted
until the day before his death on Nov. 13, 2013.