Barnes & Noble issued a press release announcing preliminary results of shareholder voting at today’s annual meeting. Based on that data, billionaire investor Ronald Burkle lost his bid to place himself and two others on the board of the bookseller. In addition, the shareholder proposal to amend the company’s poison pill, submitted by Mr. Burkle’s investment funds, The Yucaipa Companies, Inc., was rejected. Yucaipa issued a statement saying in part: “As we pointed out to Vice Chancellor Strine in August [referring to Yucaipa’s failed attempt to have the Delaware court invalidate Barnes & Noble’s poison pill], it is nearly impossible for any stockholder to do something Leonard Riggio [Chairman and largest shareholder] doesn’t want to do because of his built-in voting advantage.” Yucaipa pledged to continue pressing for changes at Barnes & Noble and encouraged the board’s independent committee to consider amending the poison pill “to allow other bidders to neutralize Mr. Riggio’s voting bloc.” For further background, see blogs posted at this site on August 16 and 18, 2010.