Friday, June 7, 2019

Elliott Management to acquire Barnes & Noble for $683 million

CNBC
Activist firm Elliott Management announced Friday it plans to acquire bookseller Barnes & Noble for roughly $683 million, including debt.

The deal values Barnes & Noble at $6.50 a share, a 43% premium to the retailer’s 10-day volume weighted average closing share price before news of an imminent deal leaked Thursday.. . . more