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November 4, 2011

The Great Atlantic & Pacific Tea Co. said Friday that it has secured a $490 million financing package from Ron Burkle’s Yucaipa Cos., Mount Kellett Capital Management and investment funds managed by Goldman Sachs.

Montvale, N.J. -- The Great Atlantic & Pacific Tea Co. said Friday that it has secured a $490 million financing package from Ron Burkle’s Yucaipa Cos., Mount Kellett Capital Management and investment funds managed by Goldman Sachs.

The combination debt and equity financing, which is subject to court approval, will allow the grocer to emerge from Chapter 11 bankruptcy protection early in 2012.

March 4, 2011

The Delaware Supreme Court has rejected an appeal by billionaire Ron Burkle in a lawsuit challenging a poison pill plan adopted by Barnes & Noble after he doubled his stake in the company.

Dover, Del. -- The Delaware Supreme Court has rejected an appeal by billionaire Ron Burkle in a lawsuit challenging a poison pill plan adopted by Barnes & Noble after he doubled his stake in the company.

After hearing arguments Wednesday, the court on Thursday affirmed a judge's ruling last year upholding the poison pill plan, which limited a shareholder's stake in the company to 20%.

December 13, 2010

The Great Atlantic & Pacific Tea Co. on Sunday filed for Chapter 11 bankruptcy protection as it struggles with enormous debt and increased competition from low-priced peers.

Montvale, N.J. - The Great Atlantic & Pacific Tea Co. on Sunday filed for Chapter 11 bankruptcy protection as it struggles with enormous debt and increased competition from low-priced peers.

The 151-year-old company operates 395 stores around the Northeast under several banners, including A&P, Waldbaum's, The Food Emporium, Super Fresh, Pathmark and Food Basics.

December 6, 2010

Activist investor Bill Ackman’s Pershing Square Capital Management raised its stake in Borders Group from 31.5% to 37.3% ...

New York City -- Activist investor Bill Ackman’s Pershing Square Capital Management raised its stake in Borders Group from 31.5% to 37.3% and is prepared to finance an offer by Borders to buy larger rival Barnes & Noble, according to a filing with the Securities and Exchange Commission Monday.

According to the statement, Ackman is prepared to finance an offer by Borders to buy all of Barnes & Noble’s stock in an all-cash transaction valued at $16 per share, which would amount to about $960 million, based on the shares outstanding.

November 30, 2010

Barnes & Noble Inc. reported Tuesday that it narrowed its loss to $12.6 million in its fiscal second quarter, compared with a loss of $24 million in the year-ago period. Results missed Wall Street expectations, and the book seller has issued a weak outlook for the third quarter and the full year.

New York - Barnes & Noble Inc. reported Tuesday that it narrowed its loss to $12.6 million in its fiscal second quarter, compared with a loss of $24 million in the year-ago period. Results missed Wall Street expectations, and the book seller has issued a weak outlook for the third quarter and the full year.

Revenue surged 64% to $1.91 billion, attributed to the company’s acquisition of its college book unit. Without the acquisition, sales rose 1%.

Same-store sales fell 3.3%.

November 17, 2010

Barnes & Noble's shareholders on Wednesday ratified a shareholder rights plan that prevents an outside investor from acquiring 20% or more of the company's shares without board approval.

New York City -- Barnes & Noble's shareholders on Wednesday ratified a shareholder rights plan that prevents an outside investor from acquiring 20% or more of the company's shares without board approval. 

Preliminary results show 72% of shareholders voted in favor of the plan at a special shareholder meeting in New York. The plan limits shareholder stakes to 20%, finally making the so-called "poison pill" official.

November 11, 2010

A report released Thursday said that Barnes & Noble has launched a test of store-in-store toy boutiques at a few select locations, in order to boost sales and fill shelf space.

New York City -- A report released Thursday said that Barnes & Noble has launched a test of store-in-store toy boutiques at a few select locations, in order to boost sales and fill shelf space.

According to a report by Reuters, the retailer has opened five 3,000-sq.-ft. play areas over the last week, featuring educational toys and games.

October 19, 2010

Leonard Riggio, the chairman of bookseller Barnes & Noble, said he won't form a group...

September 6, 2010

American Apparel has been pressed by its banking facility to bring in an outside restructuring...

September 1, 2010

Billionaire investor Ron Burkle’s Yucaipa Cos. plans to appeal a Delaware court ruling that upheld...

August 23, 2010

Barnes & Noble reported Tuesday that it posted a loss of $62.5 million in the...

August 11, 2010

Barnes & Noble said Thursday it has not reached a settlement with billionaire investor Ron...

August 3, 2010

Barnes & Noble said it is exploring strategic alternatives, including putting itself up for sale....

July 21, 2010

An attorney for billionaire Ron Burkle said a poison pill plan adopted by Barnes &...

July 12, 2010

Barnes & Noble board member Michael Del Giudice suggested in his testimony Tuesday that shareholders...

June 24, 2010

Billionaire investor Ron Burkle has amassed a 6% stake in American Apparel, according to a...

May 5, 2010

Los Angeles billionaire and business mogul Ron Burkle's Yucaipa Cos. has filed a complaint in...

March 17, 2010

In an unexpected move, Barnes & Noble promoted the head of its e-commerce division to...

March 7, 2010

Chain Store Age’s 46th annual SPECS (store planning, equipment, construction services) conference got off to...

January 8, 2009

Los Angeles billionaire and supermarket mogul Ron Burkle on Thursday disclosed in a regulatory filing...

January 7, 2009

Bookseller Barnes & Noble Inc. said Thursday that its holiday season same-store sales fell 7.7%,...

September 25, 2008

CertaPro Painters Commercial Services, North America’s largest commercial painting contractor, has appointed Ryan Christie to...

April 30, 2008

Dazzling in-store video brings the game of hockey to life at the National Hockey...