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Stock Market & Financial Investment News

News Breaks
April 3, 2014
08:36 EDTBKS, LMCALiberty Media, Barnes & Noble announce change in ownership of preferred shares
Liberty Media Corporation (LMCA)) & Barnes & Noble (BKS) announced that Liberty Media Corporation has entered into agreements to reduce its stake in Barnes & Noble. Liberty Media informed Barnes & Noble that while Liberty has sold the majority of its shares to qualified institutional buyers in reliance on Rule 144A under the Securities Act, it will retain approximately 10% of its initial investment. Liberty further informed Barnes & Noble that the sale is expected to settle on Tuesday, April 8. As a result of Liberty’s reduced ownership, they will no longer have the right to elect two preferred stock directors to Barnes & Noble’s Board. Additionally, Liberty’s consent rights and pre-emptive rights will cease to apply. Due to the loss of the right to elect two preferred stock directors, Greg Maffei will cease to serve on the board as of the closing on April 8. Mark Carleton has been re-elected to the Barnes & Noble Board effective upon the closing on April 8.
News For LMCA;BKS From The Last 14 Days
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August 3, 2015
09:32 EDTBKSBarnes & Noble completes spin-off of Barnes & Noble Education
Barnes & Noble (BKS) announced that it has completed the separation of its Retail and College businesses. Barnes & Noble Education, Inc. (BNED) is now an independent public company and the parent of Barnes & Noble College, trading on the New York Stock Exchange under the ticker symbol, "BNED." The company’s leadership team joined with store managers to ring the opening bell at the NYSE this morning to mark the milestone. Following today’s spinoff of College, Michael Huseby, former CEO of Barnes & Noble, Inc., became Executive Chairman of Barnes & Noble Education, which will have a separate Board of Directors. As previously announced, Ronald D. Boire will take over as CEO of Barnes & Noble, Inc. effective September 8, 2015. Under the terms of the separation, stockholders who held BKS common stock on July 27, 2015 (the “Record Date”) received a distribution of 0.632 BNED common share for every one share of BKS common stock held as of the record date.
July 24, 2015
17:33 EDTBKSS&P announces changes to S&P 400, 500, and 600 indices
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July 20, 2015
17:18 EDTLMCAD. E. Shaw & Co reports 5.1% passive stake in Liberty Media
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08:33 EDTBKSBarnes & Noble says Nook Consumer business president Verrina to leave company
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08:32 EDTBKSBarnes & Noble names Frederic Argir as Chief Digital Officer
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