Announced
Completed
Financials
Tags
Private Equity
book retail
Public
Acquisition
bookstore
United States
Specialty Retailers
Completed
Single Bidder
Majority
Friendly
Synopsis
Elliott Advisors, an American investment management firm, completed the acquisition of Barnes & Noble, the retail bookseller in the United States, for $683m. The $6.50 per share purchase price represents a 43% premium to the 10-day volume-weighted average closing share price of Barnes & Noble’s common stock ended June 5, 2019. “Our investment in Barnes & Noble, following our acquisition of Waterstones just over a year ago, demonstrates our commitment to bookselling and to real bookstores. Barnes & Noble has an extraordinary heritage, one that we want to protect and grow. We look forward to working with James Daunt and the Barnes & Noble management team in this exciting endeavor,” Paul Best, Elliott Portfolio Manager and Head of European Private Equity.
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