NEW YORK — The board of Barnes and Noble says it is reviewing the company's future after several parties expressed interest in buying it.
The company said Wednesday that its board appointed a special committee to review the offers.
One of the interested parties is its founder and chairman, Leonard Riggio, who is credited with turning Barnes & Noble into a superstore.
The bookseller has long been struggling with increasing competition from Amazon and has been reducing staff over the last year.
According to FactSet, Riggio owns 19
The New York-based company also says it's adopting a shareholder rights plan after noticing an unidentified party rapidly accumulating its stock.
Cathy Bussewitz, The Associated Press