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G Asset Management Seeks Controlling Stake in Barnes & Noble

Private investment management firm G Asset Management said on Friday it has made a proposal to acquire a 51-percent stake in either Barnes & Noble or in the Nook digital business.

The proposal for Barnes & Noble would be for $22 a share, which would value the chain at $1.32 billion. The current offer is a sweetened version from G Asset Management’s proposal in November, which valued the bookstore chain at $20 a share.

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