With No New Bid, Elliott's Offer for B&N Stands - Publishers Weekly

Panzer was cleaning the Panzermobile when he happened to find a post wadded up in the beverage holder. Smoothing it out our fastidious kitty discovered it was a post about Barnes and Noble. Panzer told you about the Barnes and Noble company sale a few days ago.

According to Jim Milliot, the bid to buy Barnes and Noble submitted by Elliott Advisors will proceed. In the acquisition Elliott Advisors will pay shareholders $6.50 per share to obtain full ownership of the company. The sale is expected to be finished in the third quarter.

What will happen to author's ebooks?

Panzer says, "Hmm ... I guess it's official now. ... Barnes and Noble will have new owners. ... But ... What will happen to Nook and the online ebooks store?"

Note: This is a short post. Bring a cup of tea for today's reading selection.

To read the post tootle over to Barnes and Noble

To read Panzer's post about Elliott's offer tootle over to Barnes and Noble sale