Barnes & Noble Denies Ron Burkle Additional Stock

Ron Burkle (pictured) is once again a stockholder scorned, as his latest attempt to get a better foothold in Barnes & Noble's (BKS) stock has been denied. The book retailer's board responded to Burkle's January 28 letter complaining about its giving preferential treatment to the top company stakeholders and demanding to increase his stake to 37% without triggering the "poison pill" measure with a crystal-clear response that it's "unanimous in its view that there is absolutely no basis whatsoever for the allegations made."