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Barnes & Noble Chairman Reports Sale of Stocks

Proquest LLC

Barnes & Noble, Inc.'s Chairman Leonard Riggio announced the sale of a portion of his holdings of Barnes & Noble stock.

According to a release, Riggio said he sold 3.7 million shares of Common Stock, after which his holdings are expected to represent approximately 20 percent of Barnes & Noble's Common Stock outstanding.

"After this sale I remain the Company's largest shareholder, a position I feel very good about," said Leonard Riggio, Chairman of Barnes & Noble, Inc. "I love this company and I believe in its future as I do in all of the wonderful people who work here."

Riggio added that his sale is part of his long-term financial and estate planning and that he has no plans to sell more stock this calendar year.

More information:

www.barnesandnobleinc.com

((Comments on this story may be sent to newsdesk@closeupmedia.com))

Copyright:(c) 2014 ProQuest Information and Learning Company; All Rights Reserved.
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