Major Barnes & Noble Shareholder Cuts Stake

Aletheia Research and Management Inc., the third-largest shareholder in Barnes & Noble, has cut its stake in the bookseller just weeks after Liberty Media Corp. offered to buy the company, Reuters reported. According to filings with the S.E.C., Aletheia held an 8.65% stake on June 1, down from a 10.59% stake in April. Last month, Liberty Media offered $17 a share for Barnes & Noble, or roughly $1 billion.

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