B&N Sale Moves Closer to Completion - Publishers Weekly

The sale will work out fine.

Today as Panzer was traveling around the Catosphere he heard clapping and cheering coming from outside the Panzermobile. Following all the jocularity took our happy kitty pilot to the Publishers Weekly site. With a little digging in the posts, he found one about the Barnes and Noble company sale.

According to Calvin Reid, the sale of Barnes and Noble to Elliott Capital Advisors is on track to close by August. Elliott is offering $6.50 per share all cash. According to papers filed with the Securities and Exchange Commission, another company had also offered to buy Barnes and Noble, but financing issues prevented the acceptance of the offer. The papers also document founder Leonard Riggio's offer to purchase the company, which he withdrew.

Panzer says, "Let's hope Elliott can turn Barnes and Noble around to profitability."

Note: This is a long-medium length post. Bring a cup of tea and one one and a half muffins for today's reading selection.

To read the post tootle over to Barnes and Noble sale