Struggling bookseller Barnes & Noble has agreed to sell to hedge fund Elliott Management Corp. for $475 million in cash, following a Thursday auction for the company. Paul Singer’s distressed debt hedge fund was the top bidder at the auction. The deal is valued at around $683 million, including the assumption of debt, according to the Wall Street Journal. The future of the bookseller’s 627 U.S. stores remains murky. Elliott will pay $6.50 per share […]
source https://therealdeal.com/national/2019/06/07/barnes-noble-agrees-to-sell-to-elliott-management-in-cash-deal/#new_tab
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