Monday, December 06, 2010

Barnes & Noble, Borders Soar On Ackman Proposal

Barron's reports:
Shares of Barnes & Noble (BKS) and Borders Group (BGP) are both soaring this morning after a form 13D was filed this morning with the Securities & Exchange Commission by hedge fund Pershing Square Capital Management, L.P. detailing some prospective merger activity between the two companies.