Elliot Investment Management, B&N's owners, is acquiring PaperSource. B&N's CEO James Daunt who is still living in 1970, will be running both companies (into the ground). The companies will operate independently (for now) but hinted at partnerships in the future.
B&N can't even climb out of the giant grave they've dug, so lets take on more dead weight!
3 replies (most recent on top)
Meh the company was bankrupt, prolly acquired to assume to debt, hedge funds tend to do this.
If James D-mbt is running both places, what does that tell you?
…but that isn’t a Barnes and noble decision? Elliott is a massive hedge fund that acquires failing businesses all the time, usually in order to sell the debt. I don’t like BN either but let’s at least try to be accurate here.