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Barnes & Noble socks it to shareholders with poison pill

Posted Nov 18th 2009 12:00PM by Zac Bissonnette (RSS feed)
Filed under: SEC Filings, From the Boards, Insiders

Barnes & Noble Inc. (BKS) announced Tuesday that it had adopted a so-called shareholder rights plan to ward off "efforts to obtain control of the Company that are inconsistent with the best interests of the Company and its stockholders."

The company didn't go into specifics, but it is likely a response to billionaire Ronald Burkle's recent disclosure that he had boosted his stake in the company to 17.8%. In a press release, Barnes & Noble disclosed how the rights work:

Continue reading Barnes & Noble socks it to shareholders with poison pill

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