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Barnes & Noble and Borders Merger Suggested by Borders Group Investor

barnes-noble-logo1.jpgToday one of Borders’ largest investors outlined a possible bid to buy Barnes & Noble, effectively merging the two booksellers.  According to Barron’s, Barnes & Noble shares rose $2.32 and Borders Group shares rose $1.27 when investors learned of the news.

Here’s more from the article: “In the filing, Pershing’s Bill Ackman, who along with Pershing owns around 42% of the common stock of Borders, reports that his firm has informed Borders they are willing to finance a bid for Barnes & Noble at $16 per share in cash, or a mixed stock and cash considerations.”

What do you think of the idea? Back in August, the Barnes & Noble board of directors announced they are considering selling the company–along with other “strategic alternatives” that might “increase stockholder value.”

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