Content about Leonard Riggio

April 17, 2014

Leonard Riggio, chairman of Barnes & Noble Inc., has sold 3.7 million shares of Barnes & Noble common stock.

New York -- Leonard Riggio, chairman of Barnes & Noble Inc., has sold 3.7 million shares of Barnes & Noble common stock. After the sale, his holdings are expected to represent approximately 20% of Barnes & Noble’s common stock outstanding.

Riggio said the sale is part of his long-term financial and estate planning and that he has no plans to sell more stock this calendar year.

April 17, 2014

Leonard Riggio, chairman of Barnes & Noble Inc., has sold 3.7 million shares of Barnes & Noble common stock.

New York -- Leonard Riggio, chairman of Barnes & Noble Inc., has sold 3.7 million shares of Barnes & Noble common stock. After the sale, his holdings are expected to represent approximately 20% of Barnes & Noble’s common stock outstanding.

Riggio said the sale is part of his long-term financial and estate planning and that he has no plans to sell more stock this calendar year.

December 11, 2013

Leonard Riggio, chairman of Barnes & Noble, has reportedly sold 2 million shares of company stock.

New York – Leonard Riggio, chairman of Barnes & Noble, has reportedly sold 2 million shares of company stock. According to Reuters, Riggio’s sale, reported in an SEC regulatory filing, lowers Riggio’s stake in Barnes & Noble to 26.3%.

December 11, 2013

Leonard Riggio, chairman of Barnes & Noble, has reportedly sold 2 million shares of company stock.

New York – Leonard Riggio, chairman of Barnes & Noble, has reportedly sold 2 million shares of company stock. According to Reuters, Riggio’s sale, reported in an SEC regulatory filing, lowers Riggio’s stake in Barnes & Noble to 26.3%.

February 25, 2013

Leonard Riggio, founder and chairman of Barnes & Noble, has told the company’s board that he wants to make an offer for its retail business.

New York -- Leonard Riggio, founder and chairman of Barnes & Noble, has told the company’s board that he wants to make an offer for its retail business. Riggio is Barnes & Noble’s largest shareholder, owning nearly 30% of the company.

The offer would not include Nook Media, Barnes & Noble’s e-book division.

Barnes & Noble said in a statement that it had formed a special board committee of three directors to consider Riggio’s proposal. There is set timetable for the process.

February 25, 2013

Leonard Riggio, founder and chairman of Barnes & Noble, has told the company’s board that he wants to make an offer for its retail business.

New York -- Leonard Riggio, founder and chairman of Barnes & Noble, has told the company’s board that he wants to make an offer for its retail business. Riggio is Barnes & Noble’s largest shareholder, owning nearly 30% of the company.

The offer would not include Nook Media, Barnes & Noble’s e-book division.

Barnes & Noble said in a statement that it had formed a special board committee of three directors to consider Riggio’s proposal. There is set timetable for the process.

June 13, 2012

Barnes & Noble Inc. founder and chairman Leonard Riggio agreed on Wednesday to forgo $29 million from a sale of one of his companies to the book retailer in order to settle a shareholder lawsuit, according to court documents, Reuters reported.

New York -- Barnes & Noble Inc. founder and chairman Leonard Riggio agreed on Wednesday to forgo $29 million from a sale of one of his companies to the book retailer in order to settle a shareholder lawsuit, according to court documents, Reuters reported.

The lawsuit goes back to a 2009 agreement by the chain to buy back Barnes & Noble College Booksellers Inc. for $514 million from Riggio.

June 13, 2012

Barnes & Noble Inc. founder and chairman Leonard Riggio agreed on Wednesday to forgo $29 million from a sale of one of his companies to the book retailer in order to settle a shareholder lawsuit, according to court documents, Reuters reported.

New York -- Barnes & Noble Inc. founder and chairman Leonard Riggio agreed on Wednesday to forgo $29 million from a sale of one of his companies to the book retailer in order to settle a shareholder lawsuit, according to court documents, Reuters reported.

The lawsuit goes back to a 2009 agreement by the chain to buy back Barnes & Noble College Booksellers Inc. for $514 million from Riggio.

May 20, 2011

Liberty Media Corp. has offered to buy Barnes & Noble in a deal valued at about $1 billion, which represents a 20% premium over the bookseller’s market value Thursday.

New York City -- Liberty Media Corp. has offered to buy Barnes & Noble in a deal valued at about $1 billion, which represents a 20% premium over the bookseller’s market value Thursday. Barnes & Noble said Thursday that the cash offer, which the Wall Street Journal called a “stunner,” is worth $17 a share.

The companies have yet to sign an agreement.

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 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 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.

October 19, 2010

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

October 19, 2010

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

September 27, 2010

Dissident stockholder Ron Burkle and his Yucaipa Cos. were defeated by owner Leonard Riggio and...

September 27, 2010

Dissident stockholder Ron Burkle and his Yucaipa Cos. were defeated by owner Leonard Riggio and...

September 20, 2010

Barnes & Noble announced that Len Riggio, the company’s founder and chairman sent a letter...

September 19, 2010

Proxy-advisory firm Institutional Shareholders Services (ISS) said it has recommended that Barnes & Noble shareholders...

August 18, 2010

Barnes & Noble said Thursday it will nominate two new directors for election at its...

August 17, 2010

Barnes & Noble chairman Leonard Riggio has exercised options to acquire 990,740 shares in the...

August 17, 2010

Barnes & Noble chairman Leonard Riggio has exercised options to acquire 990,740 shares in the...

August 3, 2010

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

July 11, 2010

The chairman of Barnes & Noble Inc., Leonard Riggio, testified Friday that the poison pill...

July 11, 2010

The chairman of Barnes & Noble Inc., Leonard Riggio, testified Friday that the poison pill...

March 17, 2010

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