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@#$%& free trainer 64M in Barnes Noble stock sale
Posted by: zlik4j9n (IP Logged)
Date: September 04, 2014 07:03PM

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Barnes Noble is struggling,[url=]ghd hair[/url], and its chairman is selling again.
Shares of the bedraggled bookseller plunged 12 percent Thursday after it disclosed Chairman Len Riggio sold a massive chunk of stock for the second time in less than five months,[url=]doudoune moncler[/url].
Bronx born Riggio,[url=]louboutin shoes[/url], who began building the bookselling empire in the 1970s,[url=http://www.longchamphandbags-outlet@#$%&/]longchamp outlet[/url], sold 3.7 million shares in a Wednesday block trade at $17.30 a share,[url=$%&/]michaelkors[/url], snaring $64 million in the deal,[url=]michael kors canada[/url], according to a securities filing.
The surprise cashout cuts Riggio's stake to 20 percent from more than 26 percent and follows a December sale that had slashed Riggio's holdings from nearly 30 percent,[url=http://www.truereligion--outlet@#$%&/]true religion factory outlet[/url].
The 73 year old executive,[url=]chi hair[/url], in an interview with The Post at the time of his December stock sale,[url=$%&/]lululemon[/url], said he had no plans to sell additional shares a key issue for many investors as the retailer has been hit by heavy losses on its Nook e reader.
On Thursday,[url=]abercrombie[/url], however,[url=http://www.mcmhandbags-backpack@#$%&/]mcm handbags[/url], a B spokeswoman said Riggio had meant merely that he "had no plans at the time to sell more stock,[url=$%&/]north face jackets clearance[/url], meaning immediately."
In a Thursday statement,[url=$%&/]newbalance[/url], Riggio said he has no plans for any additional stock sales in calendar 2014.
"After this sale I remain the company's largest shareholder,[url=]lululemon canada[/url], a position I feel very good about,[url=http://www.katespadeoutlethandbags@#$%&/]kate spade[/url]," Riggio said. "I love this company and I believe in its future."
The latest sale is part of a "long term financial and estate planning" move,[url=]burberry @#$%&[/url], he said.
In fact,[url=http://www.canadagooseoutlet-jackets@#$%&/]cheap @#$%&[/url], Riggio added,[url=]sac louis @#$%&[/url], he lost money on the shares having purchased them for about $25 each.
Still,[url=]longchamps[/url], Riggio got a much better price than B shareholders were getting after news of his sale broke. The stock closed Thursday at $16.37,[url=$%&/]chanel sunglasses[/url], down by $2.23.
B shares had already taken a hit earlier this month when billionaire John Malone's LibertyMedia disclosed it liquidated nearly all of its 17 percent stake in the retailer,[url=]louboutin @#$%&[/url].

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