Shares of Barnes & Noble BKS are up 15% this morning after news came out this morning that Bill Ackman, of Pershing Square would be filling to finance a bid through Borders BGP to take over Barnes & Noble.
Ackman would offer $16 per share in cash for BKS, which is a 20% premium to Friday's closing price.
At last check, shares of BKS are up $2.06 to $15.34, a gain of 15.5%.
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