Sale of Waterstones to hedge fund likely to complete by end of April

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Sale of Waterstones to hedge fund likely to complete by end of April

Apr 09 2018

UK bookstore chain Waterstones will likely be sold to hedge fund Elliott Advisors by the end of April, the end of the store's fiscal year, according to the Bookseller, which cited "a source with knowledge of the situation." Neither Waterstones nor Elliott Advisors has commented on the report.

Elliott Advisors is the U.K. arm of Elliott Management Corp., the investment management firm headed by Paul Singer, known for an interest in companies with heavy debt, for his financial support of the Republican Party and for his support of LGBTQ rights. Elliott Advisors is run by Singer's son Gordon Singer.

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