Tuesday, June 11, 2019

Readerlink Works Toward Higher Offer for Barnes & Noble

The Wall Street Journal
Book distributor Readerlink LLC is working toward making a bid for Barnes & Noble Inc.that would top the price hedge fund Elliott Management Corp. agreed to pay for the book retailer, a person familiar with the situation said.

Barnes & Noble said Friday it had reached an agreement to be acquired by Elliott for $6.50 a share, or $475 million in cash. Including the assumption of debt, the deal is worth $683 million.. . . more