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Barnes & Noble Jumps Higher Than Offer by Malone’s Liberty

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Barnes & Noble Inc. jumped 30 percent in U.S. trading to a higher price than a buyout offer by John Malone’s Liberty Media Corp., suggesting investors are expecting an increased bid.

Liberty Media offered $17 a share, the New York-based bookstore said yesterday in a statement, a 20 percent premium to yesterday’s closing price. The shares advanced $4.22 to $18.33 at 4 p.m. in New York Stock Exchange composite trading.