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Just a few months after activist investor Sandell Management Corp plead that Barnes & Noble sell itself, the company announced a takeover offer, which would entail Sandell taking "Barnes & Noble private for approximately $650 million," according to a press release issued by the bookseller.
Share prices increased upon Sandell's publication of its offer in the Wall Street Journal on November 16.
B&N has had an extended period of turmoil--a revolving door of CEOs, a flailing NOOK line, and poor sales have plagued the company for several years.
