Posted on June 11, 2019 at 9:18 AM by Sadye Scott-Hainchek
There’s some competition in the potential purchase of Barnes & Noble.
The Wall Street Journal reports that book distributor Readerlink may try to top Elliott Management’s $683 million bid from last week.
A key date in this saga is approaching quickly: Elliott’s deal to buy B&N includes a clause that it receives up to $4 million if another party swoops in before the end of the day June 13; after June 13, that payment goes up to $17.5 million.
The Digital Reader, citing the WSJ, says none of the involved parties have commented on the latest developments.
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