The investment firm made an offer for Barnes & Noble that values the company at $22 a share. If G Asset Management can't take control of the entire company, it said it would be interested in acquiring 51% of the Nook segment of the company, valuing it at $5 a share.
G Asset Management said in its proposal that separating the Nook segment from the retail and college business could create value for shareholders.
Both offers are subject to the investment firm obtaining financing, performing due diligence, and negotiating with the company.
Must read: Barnes & Noble Should Shut the Book on Nook