M & A Law Prof Blog

Editor: Brian JM Quinn
Boston College Law School

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Thursday, February 18, 2010

BKS replies to Burkle

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.

Love,

BKS Board


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.

-bjmq

http://lawprofessors.typepad.com/mergers/2010/02/bks-replies-to-burkle.html

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