Barnes & Noble Inc. (BKS) announced Thursday morning that it plans to separate Barnes & Noble Education from Barnes & Noble's Retail and NOOK Digital businesses. The separation is expected to be completed by the end of August 2015.
Barnes & Noble rose steadily during the first 45 minutes of trade Thursday. The stock was range-bound for the remainder of the session and closed up by 1.67 at $25.92 on above average volume. Barnes & Noble rose past the upper end of a month and a half long trading range and set a new high for the year.
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