Barnes and Noble has been in trouble for a very long time. The company has had 5 different CEO's in the past 7 years and various turnaround strategies have all failed. The bookseller formed a committee to explore selling the company and it has paid off. Today, Barnes and Noble has officially announced they have been fully acquired by Elliott, the same Hedge Fund that owns the … [Read more...] about Barnes and Noble has been officially sold
sold
Barnes and Noble might be sold to a New York Hedge Fund
There are many reports from the Wall Street Journal and Forbes that Barnes and Noble is going to be sold to Elliott Management Corp, a New York Hedge Fund. The Financial Times said that Elliott would offer $6.50 a share in a deal that values the chain at $476 million. Elliott is run by the billionaire Paul Singer, who has experience in the book business. It acquired … [Read more...] about Barnes and Noble might be sold to a New York Hedge Fund