trending Market Intelligence /marketintelligence/en/news-insights/trending/ICMw3osCCN_HSjgySv9rBw2 content esgSubNav
In This List

Elliott Advisors closes acquisition of Barnes & Noble


Corporate Credit Risk Trends in Developing Markets An Expected Credit Loss ECL Perspective


Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage


Latin American and Caribbean Market Considerations Blog Series: Focus on LGD


Banking Essentials Newsletter: June Edition

Elliott Advisors closes acquisition of Barnes & Noble

Funds advised by Elliott Management Corp. unit Elliott Advisors (UK) Ltd. have successfully completed the acquisition of Barnes & Noble Inc., according to an Aug. 7 release.

In June, Elliott Advisors agreed to buy Barnes & Noble in a deal worth about $683 million, including the assumption of debt.

Approximately 82.15% of Barnes & Noble shares were tendered before the tender offer expired on Aug. 6.

The bookseller is now a privately held, indirect wholly owned subsidiary of Elliott Advisors, which also owns British book retailer Waterstones.

New York-based Barnes & Noble will continue to operate independently like Waterstones. James Daunt will serve as CEO of both companies.

Evercore acted as financial adviser to the special committee of Barnes & Noble while Baker Botts LLP was the legal adviser. Guggenheim Securities LLC was the financial adviser to the company's board of directors while Paul, Weiss, Rifkind, Wharton & Garrison LLP was the legal adviser.

Credit Suisse Securities LLC served as financial adviser to Elliott Advisors while Debevoise & Plimpton LLP acted as legal adviser.