BKS stock continues to move Friday after Elliott Management agreed to acquire Barnes & Noble Inc. (NYSE:BKS) for $476 million or $6.50 a share.
Acquisition DetailsIconic American bookstore Barnes & Noble has been in a terminal decline ever since online bookstores came into being, and over the years, the company had been fighting a losing battle with Amazon (NASDAQ:AMZN). However, after losing money for years and BKS stock price plunging progressively, the bookstore has finally caught a break.
Paul Singer’s Elliott Management Corp has offered to acquire the company for $476 million or ...
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