Barnes & Noble chair wants to buy retail business
NEW YORK – Barnes & Noble founder and Chairman Leonard Riggio has told the book seller he is going to try to buy the company's retail business.
The news sent shares up nearly 9 percent in midday trading.
Riggio disclosed in a regulatory filing Monday that he wants to acquire the company's stores and website, but not the business that makes the Nook e-reader or the company's college bookstores. No price was disclosed.
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