James Heneage, the managing director, said: "There was no approach for the business, nor will there be. We will remain independent and we will float."
It is thought that they centred on a possible joint venture in certain aspects of the business. This could be Ottakar's using Barnes & Noble's expertise in developing larger stores.
Mr Heneage admitted that there was nothing to stop Barnes & Noble buying a stake in the business after its float.
Mr Heneage was speaking as Ottakar's published its pathfinder prospectus, which showed pre-tax profits last year rose 77 per cent to pounds 2m. Sales grew 63 per cent to pounds 38m.