Update (12:55 p.m.): The talks have collapsed, according to The New York Times.
News is all over the place this morning that Barnes & Noble is on the verge of settling with the billionaire investor Ron Burkle, who had threatened a proxy fight and then sued the bookseller over a poison pill it had enacted to block Burkle from acquiring more stock. The reported deal appears to be a solid victory for Burkle and his lawyers at Bingham McCutchen and Young Conaway Stargatt & Taylor, according to accounts today in The New York Times and The Wall Street Journal. Under the terms of the settlement, Burkle will agree not to mount a proxy fight, freeing Barnes & Noble to seek suitors for potential takeover bids for the company.
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