October 3, 2018 / 8:34 PM / 13 days ago

Barnes & Noble to explore strategic options

Oct 3 (Reuters) - Bookseller Barnes & Noble Inc said on Wednesday it is exploring strategic options after several parties, including its chairman Leonard Riggio, expressed interest to buy the company.

This comes nearly a month after investor Richard Schottenfeld disclosed a higher stake in the bookseller and said he had discussed with its founder a possible sale of the company.

Shares of the company rose about 24 percent in extended trading following the news. (Reporting by Soundarya J in Bengaluru; Editing by Shounak Dasgupta)

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