NEW YORK--(BUSINESS WIRE)--The Law Offices of Vincent Wong are investigating the Board of Directors of Barnes & Noble, Inc. (NYSE: BKS) for possible breaches of fiduciary duty and other violations of state law in connection with the proposed offer by Liberty Media Corporation (Nasdaq: LCAPA) to purchase the Company. Under the terms of the proposed transaction, Barnes & Noble shareholders would receive $17 in cash per share for a total transaction value of approximately $1 billion.
The investigation concerns whether the Board of Barnes & Noble is acting in Barnes & Noble shareholders’ best interests during the negotiations with Liberty Media Corporation. Liberty's offer is conditioned on top shareholder and founding Chairman Leonard Riggio keeping a stake in Barnes & Noble and staying involved in running the Company. Analysts have expressed that the Company is worth more than the $17 offer, and have put a price target on the Company's shares as high as $21 per share.
If you own common stock in Barnes & Noble and wish to obtain additional information, please contact Vincent Wong, Esq. either via email firstname.lastname@example.org, by telephone at 212.584.2740, or visit http://www.wongesq.com/barnes-noble.html.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.