Last week Ron Burkle, through his investment vehicle Yucaipa Companies, disclosed an 8.3% "active" ownership stake in Barnes & Noble, Inc. (BKS) and announced his belief that the shares are undervalued. His average cost is $14.68/share. We estimate 20% of BKS shares are held by activist investors; 25% is held by the Chairman/Founder. Today Burkle announced he's spent about $100M to acquire a 7.0% stake in Whole Foods Market Inc. (WFMI) since November 24th at an average cost of $10.04/share.
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