In a letter to shareholders filed with the S.E.C., Barnes and Noble's board of directors write that they believe Los Angeles-based investor Ronald Burkle has "a self-serving agenda to seize control of Barnes and Noble," and outline actions that the shareholders can take to thwart the coup. They write: "Burkle has provided no strategic vision and offered no plan for the Company’s future. Instead, he continues to take conflicting positions, hoping shareholders will be taken in. We think only one conclusion is clear—you cannot believe what Burkle says, and you certainly do not want him in a position to control your Company!" Meanwhile, one of Barnes and Noble's major locations, near Lincoln Center in Manhattan, is closing early next year, and will be replaced by discount fashion store Century 21.
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