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Barnes & Noble Inc (BKS.N)

BKS.N on New York Stock Exchange

7.45USD
17 Nov 2017
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Latest Key Developments (Source: Significant Developments)

Activist investor Sandell Asset Management wants Barnes & Noble to try again to sell itself- WSJ, citing sources
Tuesday, 25 Jul 2017 

July 24 (Reuters) - :Activist investor Sandell Asset Management recently started buying stake in Barnes & Noble, already among its 10 biggest investors- WSJ, citing sources.Activist investor Sandell Asset Management wants Barnes & Noble Inc to try again to sell itself- WSJ, citing sources.  Full Article

Barnes & Noble Inc - co, units entered into a first amendment to credit agreement
Thursday, 6 Oct 2016 

Barnes & Noble Inc : On September 30, 2016 co, units entered into a first amendment to credit agreement, dated as of August 3, 2015 - SEC filing . Amendment provides borrowers with a new "first-in, last-out" revolving credit facility of up to $50.0 million - SEC filing . Following first amendment, co maintains ability to request upto $250 million in commitment increases from lenders under credit agreement .Amendment allows company to declare and pay up to $70.0 million in dividends annually without compliance with ratio-based limitations.  Full Article

Barnes & Noble CEO Boire steps down, board determines CEO "not a good fit" for organization
Wednesday, 17 Aug 2016 

Barnes & Noble Inc : Barnes & Noble announces CEO departure . Barnes & Noble announces CEO departure . Will continue to execute on its previously announced strategic initiatives . Departure of its Chief Executive Officer, Ronald D. Boire. . Says will immediately begin an executive search for a new CEO . Executive Chairman, Leonard Riggio will postpone his retirement until a later date .Board determined that "Boire was not a good fit for organization", it was in "best interests" of all parties for him to leave co.  Full Article

Barnes & Noble Q4 sales $877 mln, down 3.7 pct
Thursday, 23 Jun 2016 

Barnes & Noble : For fiscal year 2017, company expects comparable bookstore sales to be approximately flat to an increase of approximately 1% . Expects full year consolidated EBITDA to be in a range of $200 million to $250 million . Sees fy 2017 retail EBITDA of $240 million to $280 million and Nook ebitda losses declining to a range of $30 million to $40 million . Qtrly retail sales, which include Barnes & Noble stores and bn.com, were $850 million for quarter, decreasing 2.2% . Barnes & noble inc qtrly nook sales were $42.0 million for quarter and $191.5 million for full year, decreasing 20.0% and 27.4% . Core comparable store sales, which exclude sales of nook products, declined 0.8% for quarter . Q4 loss per share $0.24 from continuing operations excluding items . Barnes & noble inc qtrly retail comparable store sales declined 0.8% for quarter . Q4 sales $877 million, down 3.7 percent . Reports Fiscal 2016 Year-End financial results .Q4 loss per share $0.42 from continuing operations.  Full Article

Barnes & Noble Inc says founder & chairman Leonard Riggio announces retirement
Wednesday, 27 Apr 2016 

Barnes & Noble Inc:Says Founder & Chairman, Leonard Riggio that he will retire as Chairman of the Company following the annual shareholder meeting currently planned for September.Board has appointed Paul B. Guenther to serve as non-executive Chairman upon Riggio stepping down.  Full Article

Barnes & Noble Inc announces partnership with Bahwan CyberTek to outsource certain Nook technology functions
Friday, 8 Apr 2016 

Barnes & Noble Inc:Has entered into an agreement with Bahwan CyberTek, in which BCT will take over certain NOOK technology services, including cloud management and development support for NOOK software.Says that as a result of agreement with Bahwan CyberTek, it plans to close both its Santa Clara, California and Taiwan offices.Says business will be transitioned and the offices will be closed by July 2016.Says transition is expected to result in annualized cash savings of approximately $13 million, which includes approximately $8 million of expense reductions and approximately $5 million of capital expenditure reductions.Says first quarter of fiscal 2017, company expects to record severance charges and transition related costs of approximately $6 million.  Full Article

Barnes & Noble Declares Quarterly Dividend
Wednesday, 16 Mar 2016 

Barnes & Noble, Inc:declared a quarterly cash dividend of $0.15 per share.payable on April 29, 2016 to stockholders of record at the close of business on April 8, 2016.  Full Article

Barnes & Noble Inc declares quarterly dividend
Wednesday, 9 Dec 2015 

Barnes & Noble Inc:Declared a quarterly cash dividend of $0.15 per share, payable on January 29, 2016, to stockholders of record at the close of business on January 8, 2016.  Full Article

Barnes & Noble, Inc reaffirms FY 2016 comparable store sales guidance;
Friday, 4 Dec 2015 

Barnes & Noble, Inc:Continues to expect FY 2016 comparable store sales to be approximately flat with the prior year, excluding NOOK products, comparable store sales are expected to increase approximately 1%.  Full Article

PRESS DIGEST - Wall Street Journal - Nov 17

Nov 17 The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.