NEW YORK, May 27, 2011 (GLOBE NEWSWIRE) -- Levi & Korsinsky is investigating the Board of Directors of Barnes & Noble, Inc. (or the "Company") for possible breaches of fiduciary duty and other violations of state law in connection with the proposed offer by Liberty Media Corporation to purchase the Company. Under the terms of the proposed transaction, Barnes & Noble shareholders would receive $17 in cash per share of Barnes & Noble stock they own. The transaction would have a total value of approximately $1 billion.
Click here to learn how to join the action: http://zlk.9nl.com/barnes-noble, or call: 877-363-5972.
The investigation concerns whether the Board of Barnes & Noble is acting in Barnes & Noble shareholders' best interests during the negotiations with Liberty Media Corporation. Liberty's offer is conditioned on top shareholder and founding Chairman Leonard Riggio keeping a stake in Barnes & Noble and staying involved in running the Company. Analysts have expressed that the Company is worth more than the $17 offer, and have put a price target on the Company's shares as high as $21 per share.
If you own common stock in Barnes & Noble and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/barnes-noble.
Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major litigations involving mergers and acquisitions. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard Korsinsky, Esq. 30 Broad Street - 15th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171 www.zlk.com
