Don't let it get away!
Keep track of the stocks that matter to you.
Help yourself with the Fool's FREE and easy new watchlist service today.
Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
So what: The all-cash offer values Barnes & Noble at $17 per share and represents a 20% premium to its Thursday closing price. Barnes has been on the selling block for almost a year now in the face of intense digital competition, but with the solid backing from a new-age media conglomerate like Liberty, its eBook platform should be able to hang a lot better with the likes of Amazon (Nasdaq: AMZN ) and Apple (Nasdaq: AAPL ) .
Now what: I'd be cautious about chasing the stock right now. While the reaction from Barnes investors reflects expectations of a higher offer, there's still no guarantee that the proposal will even lead to a final transaction. Given the risks that still remain of the deal falling through (however small), not to mention Barnes' questionable stand-alone qualities, taking some money off the table seems prudent.
Interested in more info on Barnes & Noble? Add it to your watchlist.