Aug 07 2019
Elliott Advisors has completed its purchase of Barnes & Noble. The acquisition was officially completed when more than 81% of B&N’s shares were tendered by the August 6 deadline.
As a result of the deal, B&N becomes a private company controlled by the private equity firm Elliott Advisors, which also owns the U.K. bookstore chain Waterstones. As a result of the acquisition, for which Elliott paid $6.50 per share in a deal valued at $683 million, James Daunt, head of Waterstones, will run both the U.K. chain and B&N. B&N founder Len Riggio will have no formal role in company.
The Funeral Cryer by Wenyan Lu
Debut novelist Wenyan Lu brings us this witty yet profound story about one woman's midlife reawakening in contemporary rural China.
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