Tomahawk, WI 06/26/2014 (Basicsmedia) – Barnes & Noble, Inc. (NYSE:BKS) announced on Wednesday that its Board of Management has approved the split of the two companies after a long session of discussions. The approval has been given to separate the company’s Nook and retail entities into two public companies. The company said that the Nook’s spinoff will be finalized by the end of the first quarter of the upcoming year. Well the decision was not all of a sudden and the company has been thinking about the split for past two years. The first announcement to spin off the nook was made two years back in 2012.
According to Michael P Huseby, Chief Executive Officer of Barnes & Noble, the harsh decision has been taken keeping in mind the overall benefit of the shareholders. He added that if these businesses are operated separately they will have the best chance to optimize their shareholder value.
Barnes & Noble Declares Free Storytime Events
Barnes & Noble, Inc. (NYSE:BKS), the nation’s largest retail bookseller and other educational products today publicized its July schedule of free Storytime events meant for children and family. The event is planned to have a good time for joy of reading, creativity and fun. The event would show up the well-liked children’s books like, The Numberlys by William Joyce and illustrator Christina Ellis; and What Do You Do With An Idea by Kobi Yamada and illustrator Mae Brown.
The event starts with The Numberlys on Saturday, July 12, at 11:00 am at the stores throughout the nation. The free event is specially meant for the kids aging between 3 to 7 years. On July 29, at 11:00 am stores round the nation will host a free event for the children with the age of 3 and up featuring the second book. Such sort of events would appeal parents who want their kids to learn via listening to stories.