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Investor could push for US bookseller merger
US booksellers Barnes & Noble and Borders could be pressured into seeking a merger, according to a piece from Seeking Alpha. Pershing Square Capital Management, known for its activism, holds a 11.5% stake in Borders and a 9.2% stake in Barnes and Noble and could argue that a combination of the two retailers would strengthen the businesses.
"Barnes and Noble and Borders Group together would be a much stronger competitor to the likes of Amazon than they are apart. With Pershing Capital Management focusing attention on the two companies, the talk of a merger or partnership will surely become louder."