Why Barnes & Noble (BKS) Is Gaining Today

NEW YORK (TheStreet) -- Barnes & Noble (BKS) was gaining 6.3% to $17.83 Friday after G Asset Management announced it would like to buy a 51% stake in the bookstore chain.

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

BKS ChartBKS data by YCharts

More from Markets

GE Confirms $11.1 Billion Transportation Merger With Wabtec

GE Confirms $11.1 Billion Transportation Merger With Wabtec

Global Stocks Rally as US-China Trade War Thaws; Dow Could Test 25,000

Global Stocks Rally as US-China Trade War Thaws; Dow Could Test 25,000

China Trade Truce, General Electric and Tesla - 5 Things You Must Know

China Trade Truce, General Electric and Tesla - 5 Things You Must Know

GE Shares Gain Amid Reports of $20 Billion Wabtec Deal

GE Shares Gain Amid Reports of $20 Billion Wabtec Deal

Listen: Here's What You Need To Know About ETFs Today (Hint: They're on Fire!)

Listen: Here's What You Need To Know About ETFs Today (Hint: They're on Fire!)