Barnes & Noble Shares Soar After Investor Discusses Sale With Founder

Barnes & Noble Shares Soar After Investor Discusses Sale With Founder
A woman looks at books inside a Barnes &Noble Booksellers store in Manhattan, New York City, on June 17, 2016. Mike Segar/Reuters
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Shares of Barnes & Noble Inc jumped as much as 21 percent on Sept. 7, after investor Richard Schottenfeld disclosed a higher stake in the bookseller and said he had discussed with its founder a possible sale of the company.

Schottenfeld disclosed a stake of 6.9 percent late on Sept. 6, in a regulatory filing. His stake stood at 5.7 percent on July 12.