Barnes & Noble Inc. urged investors to reject Ron Burkle’s board nominees, accusing the billionaire and his proposed slate of participating in “some of the most spectacular technology and corporate failures in history.”
Shareholders should back Barnes & Noble’s three candidates, including Chairman Leonard Riggio, according to a statement from the New York-based bookseller. The company mailed the final version of its proxy statement to investors Wednesday.
Burkle’s Yucaipa Cos. nominated him and two others for board seats. Burkle served on the Yahoo! Inc. board that failed to accept takeover offers from Microsoft Corp., “possibly the biggest missed opportunity in the history of technology M&A,” Barnes & Noble said.
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