Indigo Agrees to Be Taken Private By Trilogy At $2.50 Per Share - CISION*

Look at how the shareholders thingy vote works.

Panzer found an interesting press release at CISION about Canada's Indigo Books and Music Inc.

 

According to the press release the company is going private which means stock shares will no longer be traded on the market.

 

A shareholders vote on the issue will be held in May and the takeover will happen in June.

Note: It's a much longer post than this. Bring a cup of tea and a chocolate chip cookie (biscuit) to snack on.

To read the post tootle over to Indigo

 

 

*A tip of the itty fedora to Nate Hoffelder at Morning Coffee for the original mention of Indigo

OpenAI closes $300M share sale at $27B-$29B valuation - Tech Crunch

Today, Panzer made a quick stop at the Tech Crunch site. There our favorite traveling kitty found a post about OpenAI's fund raising efforts.

 

See you tomorrow.

According to Jagmeet Singh and Ingrid Lunden's post, OpenAI has received financial backing from outside VCs for $300M. This will bring outside share ownership in the company to 30 percent.

 

Panzer says, "My birthday is in a few weeks. Think of all the kitty treats that would buy for a birthday present."

 

Note:This is a very, very long, long post. You'll need to decide what you want to bring to snack on while you read.

 

To read the post tootle over to OpenAI funding

Elliott Completes Purchase of B&N - Publishers Weekly

We knew it was coming.

Today, as Panzer was tootling around in the Catosphere he decided to make a short trip to the Publishers Weekly site. With no digging in the posts at all our adventuresome kitty found one about Barnes and Noble.

According to the post by Publishers Weekly's Jim Milliot, the Barnes and Noble sale to Elliott Advisors is now final. In a $683 million deal Elliott Advisors is now the sole owner of Barnes and Noble. Elliott paid $6.50 per share to stock holders to procure ownership. The bookstore chain is now a privately held/owned company.

Elliott Advisors does admit they plan to sell Barnes and Noble after making some changes and updates to the bookstores.

There are several links to previous posts about the sale and interviews included in the post.

Panzer says, "This little kitty wants to know what's going to happen to Barnes and Noble's Nook and the ebook publishing and sales online sites."

Note: This is a long-medium length post. Bring a cup of lemonade and a big bowl of ice cream for today's reading selection. If you plan to follow all the links, bring a thermos of lemonade, an even bigger bowl of ice cream and a muffin.

To read the post tootle over to Elliott Advisors

Investment Group Acquires 5.7% Stake in B&N - Publishers Weekly

Today's trip into the Catosphere took Panzer to the Publishers Weekly (PW) site. With no digging at all our traveling kitty pilot found a post about Barnes and Noble.

According to the post by Jim Milliot, in a filing with the Security and Exchange Commission it was disclosed that Schottenfeld Management Group now owns 5.7 percent of Barnes and Noble stock. While this doesn't sound like a major investment in the company, Schottenfeld Management Group is already holding meetings with the Barnes and Noble Board of Directors. In these meetings Schollenfeld is making suggestions about changes within the company. These changes are supposed to be ways for Barnes and Noble to save money. There's no mention in the post if Barnes and Noble intends to make the changes or not.

There's something here I don't understand.

Panzer says, "Hmm ... This little kitty wonders why Schollenfeld can meet with the Board of Directors and tell them what to do."

Note: This is a short-medium length post. Bring a cup of tea and a muffin for today's reading selection.

To read the post tootle over to Barnes and Noble

Riggio Ups B&N Stake - Publishers Weekly

19 Day Until Christmas

Today's trip into the Catosphere took Panzer to the Publishers Weekly site. With just a little digging around there our kitty explorer found a post about the effects of Barnes and Noble's most recent sales report.

According to the post by Jim Milliot, Barnes and Noble founder Len Riggio increased his stock holdings in the company by 1 million shares. Mr. Riggio now owns 19.3 per cent of the company's stock. Last week Panzer told you about the impact of Barnes and Noble's quarterly sales slump on the company's stock price. The post also discusses Sandell Asset Management's proposed (and rejected) take over bid.

Panzer says, "Hmm ... This little kitty thinks when the stock price is low it's a perfect time for Mr. Riggio to buy more shares."

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

To read today's post, tootle over to Barnes and Noble

To read the post about Barnes and Noble's quarterly sales slump, tootle over to Barnes and Noble's sales slump

Barnes and Noble's Sales Slump and It's Impact

24 days until Christmas

Panzer was awoken from his morning nap today by crying and wailing. Hopping into the Panzermobile took him first to the Publishers Weekly site and then to the Forbes site. Both have posts about Barnes and Noble's second quarter sales.

At his first stop our kitty boy learned that according to the Publishers Weekly post by Jim Milliot, Barnes and Noble's second quarter revenue/sales figures were reported. Revenue/sales were down nearly 8 percent compared to the same time period last year. Barnes and Noble attributed the book sales slump to lower sales in coloring books and the Harry Potter and the Cursed Child. There was also a decline in non-book sales like games and the Nook.

At his second stop he learned that according to the Forbes' post by Jonathan Ponciano, Barnes and Noble's second quarter sales slump also caused a 10 percent decline in their stock price as well. As the bookstore chain moves forward it does intend to place more emphasis on books and less on general merchandise.

Panzer says, "This little kitty thinks we need to help Barnes and Noble increase their holiday sales. ... Here's my plan ... Buy something from them. ... Hint: They do sell Cat Wisdom for humans ebooks and paperbacks."
 
Note: These combined posts are a long read. Bring a thermos of tea and a dozen muffins for today's reading selections.

To read the Publishers Weekly post, tootle over to Barnes and Noble sales

To read the Forbes post, tootle over to Barnes and Noble stock

Barnes & Noble shares surge over buyout speculation - New York Post

Today, Panzer was enjoying a nice quiet trip in the Catosphere. Suddenly, the Panzermobile was shaken from windshield to rocket motors by cheering and clapping. Following the storm of noise took our kitty pilot to the New York Post site. There he discovered a post about Barnes and Noble.

According to the post by Carleton English, speculation about a possible buyout caused Barnes and Noble stock to rise to $7.75 a share. From a buyout by Amazon to one by an anonymous buyer, rumors about Barnes and Noble's sale have run rampant lately. This newest rumor has Barnes and Noble buying back all the shareholders' stock and going private. The company denies the rumor.

We'll only have cat books in my store.

Panzer says, "Hmm ... Let's see ... $7.75 for a share of Barnes and Noble stock. That's not much. Maybe, I can get Mom to buy a share for me. Then I could be part-owner of a bookstore."

Note: This is a long-short post. Bring a cup of tea and half a muffin for today's reading selection.

To read the post, tootle over to Barnes and Noble

Barnes and Noble to Buy Back $50M in Stocks - GalleyCat

Panzer made a quick trip over to the GalleyCAT site. Digging around in the post pile there, our big bad kitty boy found some information about Barnes and Noble.

According to a post by Dianna Dilworth, Barnes and Noble will buy back $50M worth of their common stock. Barnes and Noble has a lot going on right now. Last week they announced their new Samsung Galaxy Tab E Nook was available. Before that they did the spinoff of their college bookstore arm and they recently declared a dividend on their common stock shares.

Fewer mice ... each more valuable?

Panzer says, " Mom says when a company does a buyback, it means there are fewer shares available for sale, so each share is worth more and the company is worth more. Makes no sense to me. Less is more?"

Note: This is a short post, so a small cup of tea should suffice while you read it.

To read the post, tootle over to Barnes and Noble

Would-Be Buyer of B&N Settles Fraud Charges - Publishers' Weekly

You thought you'd get away with it?

Panzer stopped in at the Publishers' Weekly site today.

In a post by Jim Milliot he learned some interesting facts about a purported attempt to purchase a controlling interest in Barnes & Noble last year. In February 2014 Michael A. Glickstein of G Asset Management LLC announced they wished to purchase 51 percent of Barnes & Noble. That turned out to be not only false, but impossible. Glickstein and the firm did not have the money to do the purchase and they had no way to get the money. What they did have was some B&N stock they'd already bought. The possible B&N purchase attempt news raised the stock price so G Asset Management LLC made money selling their stock.

Panzer says, "Barnes & Noble didn't have anything to do with any of this. This was strictly Glickstein and G Asset Management."

To read the full post, tootle over to Barnes & Noble