Report: Barnes & Noble Considering Higher Offer From Readerlink

Barnes & Noble, Inc. (NYSE:BKS) shares are trading higher following a Monday afternoon report Readerlink is working toward a higher bid for the company.

Last week, it was confirmed Barnes & Noble had officially entered into a definitive agreement to be acquired by hedge fund Elliott Management for $6.50 per share in an all-cash transaction valued at approximately $683 million.

Barnes & Noble shares were trading higher by 3 percent to $7 in Tuesday's pre-market session.