Attentive readers will recall that we were pretty much alone last Friday in pointing out that the agreement for Barnes & Noble’s proposed sale to Elliott Advisors explicitly allowed the bookseller to continue negotiations with companies that had already made acquisition proposals on or before May 29. Late Monday the WSJ reported that Readerlink “is working toward making a bid…that would top the price” Elliott agreed to pay. We also told you on Friday when the stock was trading above the agreed upon deal price that investors could be expecting a higher bid. In late Monday and early Tuesday trading, […]
