Elliott Advisors completed the acquisition of Barnes & Noble for $683m.

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.