Founder of the bookstore Barnes & Noble Ridge Leonard (Leonard Riggio) submitted to the competent authorities of the U.S. application of intent to negotiate the purchase of company shares , division that sells books. Assets related to the production of electronic devices in the transaction will not participate. For them will be offered some strategic opportunities.
The main part of the transaction will be paid in cash, even though the purchase has not been named. Ridge himself, who is also chairman of the board of directors of Barnes & Noble, holds a 30% stake. Proposal will be considered by a panel of three independent members of the board of directors. Barnes & Noble has a chain of 689 bookstores and related Internet portal.