Elliott versus Readerlink; trade weighs up options as B&N shareholders say deal too low

Elliott versus Readerlink; trade weighs up options as B&N shareholders say deal too low

A group of Barnes & Noble investors has warned a $683m (£537m) deal struck with Waterstones owner Elliott Advisors (UK) undervalues the company and urged the board to consider rival proposals, with US distribution giant Readerlink LLC said to be considering a bid.

In a surprise move announced on Friday (7th June), Elliott entered into an agreement to acquire the firm, in what looked like the end of the retailer's history as a publically listed company, with Waterstones c.e.o. James Daunt poised to become the American bookseller’s chief executive, splitting his time between London and New Y...

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