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Security Profile
- Security Type
- Common Stock
- CUSIP
- 06777U101
- Market Cap
- Small Cap
- IPO
- 8/2/2015
Business: Barnes & Noble Education, Inc. is the largest contract operators of bookstores on college and university campuses in the United States. Barnes & Noble Education serves college students and their faculty through its stores on campuses nationwide, delivering essential educational content and tools within a dynamic retail environment. The company is at the forefront of digital education with its digital education platform, Yuzu, weaving together digital learning materials to enhance the teaching and learning experience. Barnes & Noble Education acts as a strategic partner to drive student success; provide value and support to students and faculty; and create loyalty and retention, all while supporting the financial goals of college and university partners.
Notes: July 14, 2015 - Barnes & Noble, Inc. (NYSE: BKS), today announced the timing and details regarding the spin-off of Barnes & Noble Education, Inc. (BNED) from Barnes & Noble. The Barnes & Noble board of directors has approved the final distribution ratio and declared a pro rata dividend of the outstanding shares of BNED common stock, which will result in the complete legal and structural separation of the two companies. On the distribution date of August 2, 2015, Barnes & Noble stockholders of record as of July 27, 2015, the record date for the distribution, will receive 0.632 shares of BNED common stock for each share of Barnes & Noble common stock they hold on the record date. BNED common stock is expected to begin trading on a when-issued basis on the NYSE under the symbol BNED WI beginning on July 23, 2015. On August 3, 2015, when-issued trading of BNED common stock will end and regular-way trading under the symbol BNED will begin.
Company Contact
- CEO
- Jonathan Shar
- CFO
- Kevin F. Watson
- Headquarters
- 120 Mountain View Blvd., Basking Ridge, NJ 07920
- Phone
- 908-991-2665
- Investor Relations
- Tom Donohue · 908-991-2665 · tdonohue@bned.com