Hedge fund manger Bill Ackman says he will finance a takeover bid for rival bookseller Barnes & Noble at $16 a share — a 20.5% premium over Friday’s closing price. Faced with increased competition, B&N has seen sales plunge in recent quarters.
Continue reading Ackman Offers Financing for Borders Buyout of Barnes & Noble
Ackman Offers Financing for Borders Buyout of Barnes & Noble originally appeared on DailyFinance on Mon, 06 Dec 2010 08:10:00.
Filed Under: Company News, People, Barnes & Noble, Stocks in the News