On Tuesday June 4, 2024, Barnes & Noble Education 13D/Amended Filing Shows Scott Stewart Miller Of Greenhaven Road Investment Management Reported A Stake Of 0%; On May 31, 2024, Co Determined To Sell All Of Their Common Stock
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On June 4, 2024, Barnes & Noble Education (BNED) filed an amended 13D showing that Scott Stewart Miller of Greenhaven Road Investment Management reported a 0% stake after selling all their common stock. The firm sold 5,256,342 shares on May 31 and June 3, 2024. They also sold call options on June 4, 2024. The firm plans to participate in BNED's rights offering, pending shareholder approval.
June 05, 2024 | 4:58 pm
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Greenhaven Road Investment Management sold all its 5,256,342 shares of Barnes & Noble Education (BNED) on May 31 and June 3, 2024, and reported a 0% stake. They also sold call options on June 4, 2024. The firm plans to participate in BNED's rights offering, pending shareholder approval.
The sale of all shares by a significant investor like Greenhaven Road Investment Management is likely to put downward pressure on BNED's stock price in the short term. However, the planned participation in the rights offering could provide some support if shareholders approve it.
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