Skip to content
Subscriber Only

Barnes & Noble Investor Pushes Management to Spin Off Nook

Barnes & Noble Inc., the largest U.S. bookstore chain, should spin off its Nook digital-reader business to increase shareholder value, said one of its largest investors.

The company is undervalued and should separate the Nook unit, possibly through a rights offering to current shareholders, Michael Glickstein, G Asset’s chief investment officer, said today in a filing. The New York-based firm said it owns 5 percent of Barnes & Noble, which would make it the fifth-largest investor in the company.