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Shareholder Alert: Ademi & O'Reilly, LLP Investigates whether Barnes & Noble, Inc. has obtained a Fair Price in its Sale to Elliott Advisors (UK) Limited

MILWAUKEE, June 7, 2019 /PRNewswire/ -- Ademi & O'Reilly, LLP is investigating the Board of Barnes & Noble, Inc. (BKS) for possible breaches of fiduciary duty and other violations of the law in connection with the sale of BKS to Elliott.

Click here to learn how to join the action: http://ademilaw.com/case/bks or call Guri Ademi toll-free at 866-264-3995.  There is no cost or obligation to you.

Ademi & O'Reilly, LLP alleges BKS financial outlook is improving and yet BKS shareholders will receive only $6.50 per share.  Elliott is purchasing BKS at a substantial discount.  The merger agreement unreasonably limits competing bids for BKS by prohibiting solicitation of further bids, and imposing a termination penalty if BKS accepts a superior bid. BKS insiders will receive millions of dollars as part of change of control arrangements. We are investigating on the conduct of BKS's board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for BKS.

If you own common stock in BKS and wish to obtain additional information, please contact Guri Ademi either at gademi@ademilaw.com or toll-free: 866-264-3995, or http://ademilaw.com/case/bks.                   

We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.

Contacts

Ademi & O'Reilly, LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001

 

Cision

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