Deals
Barnes & Noble’s Riggio Suspends Plan to Buy Retail Unit
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Barnes & Noble Inc. founder Leonard Riggio suspended his efforts to bid for the company’s retail unit as losses widen at the bookstore chain. The shares fell, more than erasing their gain for the year.
“While I reserve the right to pursue an offer in the future, I believe it is in the company’s best interests to focus on the business at hand,” Riggio said today in a filing with the U.S. Securities & Exchange Commission.