August 6 was the closing date for the tender offer for Barnes & Noble shares, and Elliott Advisors reports that approximately 82 percent of all shares outstanding were tendered. Those shares — and with it the entire BN — are paid for today, August 7, and Barnes & Noble has officially become a “privately held, indirect wholly-owned subsidiary of Elliott.” The bookseller’s shares will no longer trade on the New York Stock Exchange. In the announcement, Elliott reiterates that it “seeks to build upon this strong foundation as it addresses the significant challenges facing the bricks and mortar book retail […]
