|Bid||6.73 x 900|
|Ask||6.83 x 1100|
|Day's Range||6.64 - 6.80|
|52 Week Range||4.11 - 7.81|
|Beta (3Y Monthly)||-0.33|
|PE Ratio (TTM)||374.44|
|Earnings Date||Jun 19, 2019|
|Forward Dividend & Yield||0.60 (13.67%)|
|1y Target Est||6.50|
Barnes & Noble Inc said on Friday it had not received any other offers from prospective bidders before Elliott Management's "keep-shop" deadline. Elliott, which offered $475.8 million to take the bookstore retailer private, had a provision that allows the hedge fund to be entitled to a payment of up to $4 million if the retailer struck a deal with a third party before the deadline. "I can confirm that we received no other bids before last night's (Thursday) 11:59 PM (ET) deadline," a spokeswoman for Barnes & Noble said.
A group of Barnes & Noble investors say that a recent offer by a British hedge fund to buy the bookseller retailer is too low.
NEW YORK, NY / ACCESSWIRE / June 13, 2019 / Juan Monteverde , founder and managing partner at Monteverde & Associates PC , a national securities firm headquartered at the Empire State Building in New York ...
Chicago startup Book+Main helps romance novel readers discover new authors and books by searching by subject and plot line, rather than just by author.
Barnes & Noble Inc investor Richard Schottenfeld said on Thursday the bookstore chain is worth more than Elliott Management's recent offer and he may engage in discussions with the company's board regarding its sale. Barnes & Noble, one of the leading bookstores in the United States until online retailers such as Amazon.com Inc took over, was offered a take-private deal for $475.8 million by Elliott Management earlier this month. Shortly after, book distribution company Readerlink LLC was also said to be working towards making a bid for the company that would top Elliott's agreed price of $6.50 per share, according to media reports.
WILMINGTON, Del., June 12, 2019 -- Rigrodsky & Long, P.A. announces that it is investigating: Barnes & Noble, Inc. (NYSE: BKS) regarding possible breaches of fiduciary.
A large majority of American readers (80%) plan to put away their cell phones to focus on reading this summer, according to an independent survey of 1,500 reading adults commissioned by Barnes & Noble, Inc. (BKS), the world’s largest retail bookseller. Of those expressing the desire to make reading a priority, many have vowed not to look at their phones for between 30 minutes and two hours during each reading session. The survey, conducted in early May by the market research company Atomik Research, also showed nearly 90% of parents with children between six- and 17-years old plan to ask their youngsters not to use electronic devices like cell phones and video games during certain periods of time during the summer.
NEW YORK, June 11, 2019 -- The following statement is being issued by Levi & Korsinsky, LLP: Levi & Korsinsky, LLP announces that investigations have commenced on.
were up more than 0.7% to $6.85 Tuesday on a report that the book retailer was set to receive a superior bid from book distributor Readerlink just days after hedge fund Elliott Management agreed to pay up to $683 million, including debt, for the company. The Wall Street Journal reported that Readerlink was looking to top the $6.50 per share that Elliott Management agreed to pay for the company. Barnes & Noble shares were trading above $7 per share on Tuesday.
Readers Are Invited to the Barnes & Noble Book Club Discussion in their Local Store on Tuesday, July 16 at 7 PM
To anyone who remembers the chaotic old Foyles bookstore in central London, its new incarnation a few doors further up Charing Cross Road is a remarkable sight. Such engaging self-confidence is a refreshing, even defiant break from the gloom that has stalked bookselling — and publishing — in recent years. of US ecommerce group Amazon, there is still life and profit to be found in high street retailing.
Book distributor Readerlink LLC is working on a bid for Barnes & Noble Inc. that would beat the offer that hedge fund Elliott Management Corp. is making on the nationwide book retailer, according to the Wall Street Journal.
Book distribution company Readerlink LLC is working towards making a bid for Barnes & Nobles Inc that would top hedge fund Elliott Management Corp's agreed price to buy the U.S bookseller, the Wall Street Journal reported https://www.wsj.com/articles/readerlink-works-toward-higher-offer-for-barnes-noble-11560196615 on Monday, citing a source. Last week, Barnes & Noble said it would be bought by Elliott Management Corp for $475.8 million, marking the end of the U.S. book retailer as a public company. The merger agreement with Elliott has a "keep-shop" provision that says if the company strikes a deal with a third party before 11:59 p.m ET on June 13, Elliott would be entitled to a payment of up to $4 million, the report said, citing a regulatory filing.
Under the terms of the proposed transaction, shareholders of Barnes & Noble will receive only $6.50 in cash for each share of Barnes & Noble that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company. If you believe that this transaction undervalues the Company and/or if you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn (email@example.com) toll free at any time at 855-768-1857, or visit https://www.ksfcounsel.com/cases/nyse-bks/ to learn more.
Liberty Expedia Holdings, Inc. (LEXEA) ("Liberty") regarding its acquisition by Expedia Group, Inc. ("Expedia"). Under the terms of the proposed transaction, Liberty shareholders will receive shares of Expedia common stock per share of Liberty common stock they own. Click here for more information: https://www.monteverdelaw.com/case/liberty-expedia-holdings-inc. It is free and there is no cost or obligation to you. DNB Financial Corporation (DNBF) ("DNB or "Company") related to the sale of the Company to S&T Bancorp, Inc. ("S&T Bancorp"). Under the terms of the agreement, DNB shareholders will have the right to receive 1.22 shares of S&T Bancorp common stock for each share of DNB they own.
NEW YORK, June 07, 2019 -- Bragar Eagel & Squire, P.C. is investigating potential claims against the board of directors of Barnes & Noble, Inc. (NYSE: BKS) on behalf of.
NEW YORK , June 7, 2019 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Barnes & Noble, Inc. ("BKS" ...
The story of bookseller Barnes & Noble became increasingly dark over the past decade, as branches closed, employees were fired, and various strategies to save the chain in the post-Amazon landscape failed. Today there was yet another twist in the plot: a sale to the hedge fund Elliott Management Corp. for about $683 million in cash. The sale means that the largest surviving bookstore chain in the US will keep its remaining 627 stores open for now (and that the formerly public company will revert to private control).
Barnes & Noble, Inc. today announced the Company will report fiscal 2019 fourth quarter and year-end earnings results on Wednesday, June 19, before the market opens.
U.S. stocks ended sharply higher on Friday, booking their fourth straight daily gain, after a weaker-than-expected jobs report added to expectations that the Federal Reserve would carry out rate cuts as soon as July. The S&P 500 rose 1% to end near 2,873. The Dow Jones Industrial Average climbed 263 points, or 1%, to finish around 25,983, based on preliminary numbers. The Nasdaq Composite advanced 1.7% to 7,742. The Dow snapped a six-week losing streak. The U.S. economy added 75,000 jobs in May, falling short of the 185,000 expected by analysts. The disappointing data heightened expectations for the Federal Reserve to ease policy, with senior policymakers suggesting this week they could cut rates if the economic outlook soured. On trade, news reports suggested the U.S. and Mexico were making progress on an agreement that would keep the U.S. from raising tariffs on Mexican imports. President Donald Trump also said he was optimistic on the prospect of a deal. In company news, shares of Barnes & Noble Inc. climbed 10.8% after the bookseller said it would be acquired by hedge fund Elliot Management Corp.
Barnes and Noble’s incoming CEO, James Daunt, tells Yahoo Finance the traditional bookstore model ‘simply doesn’t work anymore.” Yahoo Finance’s Brian Sozzi and Alexis Christoforous discuss.
Morgan Stanley says a 50 basis point Fed cut in July 'cannot be ruled out.' This as a weak jobs report spurs hope of a rate cut. Yahoo Finance's Scott Gamm discuss.