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Barnes & Noble (BKS) seeking strategic alternatives

  • October 4, 2018


StockBarnes & Noble, Inc.SymbolBKS
Date Announced10/03/2018Source Press release
TypeCompany Seeking Strategic Alternatives
Date of Confirmation: 06/07/2019Price at Confirmation: $5.96
Potential Profit: -8.45%Annualized Profit: -12.48%

Barnes & Noble, Inc. (BKS) today announced that its Board of Directors has decided to enter into a formal review process to evaluate strategic alternatives for the Company. This decision follows expressions of interest from multiple parties in making an offer to acquire the Company, including from the Company’s Chairman, Leonard Riggio.


June 06, 2019: Barnes & Noble Inc. (BKS) is nearing a deal to be bought by hedge fund Elliott Management Corp., according to people familiar with the matter, as the nation’s largest bookstore chain seeks a new owner after years of decline.

June 07, 2019: Barnes & Noble, Inc. (BKS) announces today that it has entered into a definitive agreement to be acquired by funds advised by Elliott Advisors (UK) Limited for $6.50 per share in an all-cash transaction valued at approximately $683 million, including the assumption of debt.

June 10, 2019: Book distributor Readerlink LLC is working toward making a bid for Barnes & Noble Inc. (BKS) that would top the price hedge fund Elliott Management Corp. agreed to pay for the book retailer, a person familiar with the situation said.

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