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Post by The Ultimate Nullifier on Jun 26, 2014 22:09:43 GMT -6
Shares of Barnes & Noble rose 5.5 percent Wednesday, to $21.69, following the announcement that the bookseller plans to split into two companies, one for its retail stores and the other for Nook Media. Barron’s suggests those plans could buoy stock prices for a while, as long as the company doesn’t change its mind (again) about the split. The magazine also notes the possibility that an outsider buyer could make a bid for the retail stores before the split takes place, leaving Barnes & Noble with the Nook, which will be combined with the company’s successful college-bookstore operations.
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