Elliott Management nearing deal to buy Barnes & Noble - WSJ [Reuters]
BARNES & NOBLE (BKS)
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Source: Reuters
Elliott Management nearing deal to buy Barnes & Noble: WSJ (Reuters) - Elliott Management is the lead bidder in an auction for Barnes & Noble Inc, the Wall Street Journal reported on Thursday. A deal between the hedge fund and bookseller could be reached in the coming days, the report said. Last October, Barnes & Noble said it was exploring options after several parties, including founder-chairman Leonard Riggio, showed interest in acquiring the company. Elliott and Barnes & Noble did not immediately respond to requests for comment. Shares of Barnes & Noble were up more than 16% in afternoon trading. Reporting by Uday Sampath in Bengaluru; Editing by James Emmanuel Our Standards: The Thomson Reuters Trust Principles.
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