And Noble
Independent bookstores claim that the acquisition is a "body-blow for the
independent bookselling community" because there is room for B&N to
gain an unfair advantage over bookstores. They fear that the chain will receive books, especially
bestsellers, before or instead of them. For
instance, if there are a few copies of a best seller on the shelf and every book
store needs them, who will get the books first?It does not take a rocket scientist to figure out who is going to get the
books. In the midst of all the negative criticism, B&N has promised that

Ingram will continue to sell books to its competitors.The chain vows not to give B&N "preferential treatment or freeze
out competitors, once the purchase is approved" by continuing to fill book
orders at the time they are received. They
are committed to continue business with Ingramís current customers, including
independent bookstores, specialty stores and libraries, in the U.S. and
overseas. Barnes and Noble knows
that Ingram depends on the competition for profit earnings. Anti-trust laws do
not permit a business to eliminate the competition by monopolizing a resource
such as Ingram Book Group. It is
doubtful, that after all the success of B&N, they will risk being sued if
they try to monopolize the book industry. The sale will cost Barnes and Noble
$400 million in stock and $200 million in cash.The $400 million in stock will make Ingram the second largest
shareholder, with Mr. Riggio owning the majority of the companyís stock. The
news of the deal sent B&Nís shares climbing from $30.87 to $34.25 on the

New York Stock Exchange. Investors
have confidence that the already successful company will increase its earnings,
efficiency and clout within the book industry.On the other side, B&Nís biggest competitor, Amazon, saw their
stocks fall a total of $3.94. In conclusion, the purchase of Ingram Book Group
by Barnes and Noble will allow the latter to gain profits from their rivals.Currently, Barnes and Noble is finalizing the acquisition of Ingram.Mr.Riggio is a prime example of an individual that is now a national icon
after being just a small time businessman.His fulfilled dream of providing a prominent book supply to students and
the general public, along with a comfortable social atmosphere, has made him a
true success and personal role model.