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

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