Borders to buy Barnes & Noble? no comments
Posted at 8:07 am in Barnes and Noble,Random
Shares of Barnes & Noble have been up as much as 19 percent today on news that fund manager Bill Ackman is willing to back the purchase of B&N by competitor Borders. Borders share prices were also up today on the news.
Ackman is the founder and CEO of Pershing Square Capital Management LP, which owns 37 percent of Borders. In an SEC filing he said that he is willing to pay $16 per share for B&N.
Source – MarketWatch
