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International: Companhia das Letras Acquires Zahar, Sourcebooks Expands

October 7, 2019
By Michael Cader

Companhia das Letras in Brazil announced last week that they took 100 percent control of  Zahar, based in Rio de Janeiro and focused on books devoted to the human and social sciences. Luiz Schwarcz says in the announcement that founder Jorge Zahar “was a master when it came to publishing books that would stay the course…. […]

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People, Etc.

September 18, 2019
By Erin Somers

Luana Horry has been promoted to editor at HarperCollins Children’s. Jennifer Udden joins New Leaf Literary & Media as literary agent; she was previously agent at Barry Goldblatt Literary. Kate Sullivan joins as senior content development manager; she was senior editor at Delacorte. Meredith Barnes joins as business development manager; she was publicity manager at […]

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Elliott Advisors Officially Acquires Barnes & Noble

August 7, 2019
By Michael Cader

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, […]

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Shareholder Sues Over Barnes & Noble Sale; F+W UK Books Business Sold

July 18, 2019
By Michael Cader

Investor Richard Scarantino filed suit in a Delaware Federal Court against Barnes & Noble, seeking class action status on behalf of stockholders, arguing that the company’s tender offer solicitation “omits material information with respect to the Proposed Transaction, which renders the Solicitation Statement false and misleading.” From a Google search, filing lawsuits just like this […]

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Investor Sues Barnes & Noble Education Over Blocked Board Nominations, Rejected Buyout Offers

July 16, 2019
By Michael Cader

Barnes & Noble Education, which has worked hard to perform even more poorly than the Barnes & Noble retail operation since the two split apart almost 4 years ago, now finds itself the focus of its own strange potential sale. Bay Capital Finance, which appears to be focused on real estate development, says it has […]

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Quad’s Request For Speed Is Denied, Antitrust Trial Set for November

July 12, 2019
By Sara Grace

Judge Charles R. Norgle denied Quad’s request for an expedited trial in the DOJ’s antitrust lawsuit against the company’s planned merger with rival printer LSC. Instead, Norgle only slightly modified the Department of Justice’s proposed schedule, setting November 14 as the trial’s start date. That could be delayed, however, as he noted that “there are […]

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