Barnes & Noble Soaring Past Bid, Now Up 30%

Barnes & Noble, Inc. BKS is in the news this morning, as the company received an unsolicited offer from John Malone's Liberty Media LCAPA to purchase the company at $17 per share. At last check, shares were blowing past the $17 level, trading at $18.40, a gain of $4.29, or 30.4%, as traders believe a new bidder or higher bid is likely to come in the coming days and weeks.