Thursday, February 18, 2010
Dear Mr. Burkle:
Thanks for your letter. If you don't like our shareholder rights plan, just vote against it when we submit to the shareholders for a vote some time in the next 12 months. Anyway, we think you don't understand the rights plan, so we amended it to make it clearer for you. Oh, and you can't add.
That's my version of the Barnes & Noble board's response to investor Ron Burkle. You can read their version here. The amendment to the rights plan is here.