
G Asset is unlikely to have the necessary cash, and would have to borrow to finance the purchase, according to the report.
G Asset suggested that if it is unable to acquire 51% of the company’s shares, that it would be interested in acquiring the company’s Nook business at $5 a share.
The investment company said that the $22 offer was an increase from a $20 offer made late last year. That offer was never disclosed by either company, perhaps indicating that B&N did not consider it a serious offer.