Content about Ronald Burkle

November 4, 2011
A&P to emerge from bankruptcy in 2012

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
Delaware Supreme Court rejects Burkle’s appeal in Barnes & Noble suit

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
A&P files for Ch. 11 bankruptcy

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
Ackman’s Pershing Square will back Borders' bid for Barnes & Noble

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 narrows loss, misses Street

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 shareholders approve ‘poison pill’

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
Barnes & Noble testing in-store interactive play spaces

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
Barnes & Noble chairman agrees to obtain board consent before making a bid

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

September 27, 2010
Barnes & Noble stays in Riggio’s hands

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

September 20, 2010
Barnes & Noble’s Riggio sends letter to shareholders

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

September 20, 2010
Barnes & Noble’s Riggio sends letter to shareholders

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

September 19, 2010
Advisor backs Burkle nominees in Barnes & Noble proxy fight

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

September 19, 2010
Advisor backs Burkle nominees in Barnes & Noble proxy fight

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

September 6, 2010
Report: American Apparel in talks to hire restructuring firm

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

September 1, 2010
Burkle files appeal in Barnes & Noble poison pill ruling

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

August 24, 2010
Barnes & Noble’s board details opposition to Burkle in letter to shareholders

Barnes & Noble's board of directors has sent a letter to shareholders urging them to...

August 23, 2010
Barnes & Noble swings to loss in Q1

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

August 18, 2010
Barnes & Noble nominates 2 new board members

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

August 17, 2010
B&N battle: Riggio increases shares

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

August 11, 2010
Barnes & Noble unable to reach settlement with Burkle

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

August 3, 2010
Barnes & Noble on the block

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

July 21, 2010
Judge considers arguments in Barnes & Noble fight

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

July 12, 2010
Update: Barnes & Noble director defends poison pill

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

July 11, 2010
Barnes & Noble chairman testifies in poison pill case

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

June 24, 2010
Ron Burkle reports stake in American Apparel

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