Barnes & Noble puts itself up for sale

Full Story at money.cnn.com

NEW YORK (CNNMoney.com) — Shares of Barnes & Noble soared 26% in after-hours trading Tuesday after the bookseller put itself on the block.

The board of directors believes Barnes & Noble shares are “significantly undervalued,” and has hired financial advisor Lazard to explore “strategic alternatives” that may include selling the company, Barnes & Noble said in a prepared statement.

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