Barnes & Noble's Lifeline

Elliot bought Waterstones last year, and it's already seen a solid turnaround. The fund plans to name the Waterstones CEO as CEO of BN as well.

Who knows? Maybe BN will go back to actually being a bookstore. Crazy idea, I realize. 😏

https://www.reuters.com/article/us-barnes-noble-m-a-elliot/barnes-noble-sells-to-hedge-fund-elliott-for-475-8-million-idUSKCN1T816X

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Originally posted on Facebook.