Deals
Barnes & Noble Gains as Activist Investor Discloses Stake
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Barnes & Noble Inc. gained the most in 11 months after Jana Partners LLC, a hedge fund that has pushed for companies to sell off assets, disclosed a 12 percent stake in the largest U.S. bookstore chain.
The New York-based retailer rose 18 percent to $13.41 at the close in New York for the largest gain since May 20. The shares have declined 7.4 percent this year.