BARNES
Leonard S. Riggio
Riggio and the company criticized Burkle as an opportunist who sought a stealth takeover of the company. Burkle argued that the Riggio family had failed to prepare Barnes
Noble for digital books and had used the company to profit at shareholders' expense.
"I feel great  and I feel relieved " Riggio said after the meeting. "It's been a long four to five months."
Burkle  who was not at the shareholder meeting  said in a telephone interview that he would now press Barnes
Noble management to support the highest bid that emerges from the sales process. He indicated that he was leaning against making a bid of his own.
Noble put itself up for sale in August  about 20 companies have expressed interest in making preliminary bids  which are due in October  according to people briefed on the process.
Riggio said that had he lost the proxy contest  potential bidders could have walked away from the process. It was not clear whether Riggio might bid for the company  though the people briefed on the process said that he might eventually partner with a promising suitor.
And while Riggio won Tuesday's board battle  he still has a war on his hands.
[TGT] and [TGT] criticized Burkle as an opportunist who sought a stealth takeover of [TGT]. Burkle argued that the Riggio family had failed to prepare Barnes
Noble for digital books and had used [TGT] to profit at shareholders' expense.
"I feel great  and I feel relieved " [TGT] said after the meeting. "It's been a long four to five months."
Burkle  who was not at the shareholder meeting  said in a telephone interview that he would now press Barnes
Noble management to support the highest bid that emerges from the sales process. He indicated that he was leaning against making a bid of his own.
Noble put itself up for sale in August  about 20 companies have expressed interest in making preliminary bids  which are due in October  according to people briefed on the process.
[TGT] said that had [TGT] lost the proxy contest  potential bidders could have walked away from the process. It was not clear whether [TGT] might bid for [TGT]though the people briefed on the process said that [TGT] might eventually partner with a promising suitor.
And while [TGT] won Tuesday's board battle  [TGT] still has a war on [TGT] hands.