U.S. Markets closed

Elliott Management nearing deal to buy Barnes & Noble - WSJ

June 6 (Reuters) - Elliott Management is the lead bidder in an auction for Barnes & Noble Inc, the Wall Street Journal reported on Thursday.

A deal between the hedge fund and bookseller could be reached in the coming days, the report said https://www.wsj.com/articles/elliott-management-is-lead-bidder-in-auction-of-barnes-noble-11559843348?mod=searchresults&page=1&pos=1.


Last October, Barnes & Noble said it was exploring options after several parties, including founder-chairman Leonard Riggio, showed interest in acquiring the company.

Elliott and Barnes & Noble did not immediately respond to requests for comment.

Shares of Barnes & Noble were up more than 16% in afternoon trading. (Reporting by Uday Sampath in Bengaluru; Editing by James Emmanuel)