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Barnes & Noble began seeking buyers in August, but has yet to seal the deal. According to Reuters, the company stock price hit a two-and-a-half year low at the beginning of this week.
Chairman Leonard Riggio has said in the past that he would consider assembling an investment team to buy the company. In the article, retail analyst Mike Souers speculated that this kind of private takeover might be the only buying option.
Earlier this year, the bookseller suspended its quarterly dividend payments and made staff lay-offs. Last September, the company survived a courtroom board battle.
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