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ELLIOTT MANAGEMENT LEADS THE RACE TO ACQUIRE BARNES & NOBLE

  • Deal at an advanced stage, but not finalised yet
  • Barnes & Noble shares up by 30%

Elliott Management Corporation, an investment management firm, is leading the race to acquire Barnes & Noble Inc. (NYSE: BKS), which is the bookseller with the largest number of retail outlets in the United States. Last year, Barnes & Noble mentioned exploring the possibility of a sale as multiple companies had expressed interest. The deal could be announced as soon as next week, although the final agreement hasn’t been reached yet and the terms of the deal are currently unknown.