BGB Securities Comments on Liberty Media's Barnes & Noble Offer

BGB Securities provided color on Liberty Media's LCAPA offer to purchase Barnes & Noble BKS in a research report published today. BGB Securities has previously given Liberty a Buy rating and $100 price target. In the report, BGB Securities states, " In all, we see an intriguing turnaround growth opportunity, an attractive risk/reward proposition for Liberty, and we expect to see more favorable nuances from management over time. We believe the prospects for finalizing this deal look promising. However, if pricing becomes an issue, we wouldn't expect Liberty to significantly adjust its offer." Shares of Liberty Media were trading at $87.60 at the time of posting, down 1.95% from Thursday's market close. Shares of Barnes & Noble were trading at $18.48 at the time of posting, up 30.97% from Thursday's market close.