Barnes & Noble 'close' to resolving Burkle row

Barnes & Noble 'close' to resolving Burkle row

<p>Barnes &amp; Noble could be close to reaching an agreement that would give billionaire shareholder Ron Burkle three seats on the board in exchange for him dropping a lawsuit over limits to the size of his stake in the company.</p><p>Bloomberg quotes anonymous sources who said Burkle and his Yucaipa investment vehicle would also support a potential sale of the company, one week after the bookseller said it was exploring strategic alternatives.</p><p>Yucaipa sued B&amp;N in May to try and strike off the bookseller&#39;s poison-pill takeover defence so Burkle could increase his 19% shareholding. Under the proposed settlement, Burkle may still be able to buy the whole company.</p>