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Aletheia again reduces stake in Barnes & Noble


New York City -- A report by the Associated Press on Tuesday said that private equity firm Aletheia Research & Management has once again reduced its stake in Barnes & Noble.

The major shareholder, which Barnes & Noble has said joined forces with Ron Burkle last year during a proxy fight, has for the second time in a month cut its shares, now owning about 3.2 million shares, or 5.4% of Barnes & Noble's outstanding stock, according to a Securities and Exchange Commission filing on Tuesday.

Aletheia is now Barnes & Noble's third-largest stakeholder, behind Burkle's Yucaipa Cos., which holds nearly 20%, and chairman Leonard Riggio and his family, who hold nearly 30% of the shares.

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