G Asset Management put out a press release announcing 2 different offers for different parts of Barnes & Noble (BKS):
…a proposal to acquire 51% of Barnes & Noble, Inc., valuing the company at $22 per share, a ~30% premium to the current market price.
Alternatively, GAM has proposed to acquire 51% of the Nook segment, valuing the segment at $5 per share. GAM stated in its proposal that it was extremely confident that if the Nook segment is separated from the profitable retail and college business, substantial shareholder value would be created.
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