Statement From Ron Burkle on Liberty Media's Investment in Barnes & Noble
LOS ANGELES, Aug. 18, 2011 /PRNewswire/ -- The following statement was released by Ron Burkle, Managing Partner of The Yucaipa Companies:
"While we have grave concerns about the process and the pricing we welcome Barnes & Noble gaining access to Liberty Media's expertise. We have the utmost respect for John Malone as a great investor with a proven track record. A year ago we launched a proxy contest with the goal of bringing better corporate governance to Barnes & Noble. The addition of two world class directors like Gregory B. Maffei, president and CEO of Liberty and Mark D. Carleton, SVP of Liberty, whom we know and respect, as well as the previously appointed independent directors to the Barnes & Noble Board are positive steps towards better governance."
SOURCE The Yucaipa Companies
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