Barnes & Noble’s board of directors is to consider selling the company as part of an evaluation of strategies to increase stockholder value. The board believes the retailer’s shares are significantly undervalued.
Evaluating strategic alternatives will be overseen by a committee of four independent directors who will make recommendations to the board. The retailer said: “The board has concluded that a review of strategic alternatives is the appropriate next step to take advantage of our digital opportunities and to create value for shareholders, customers and employees.”
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