Barnes & Noble Owner to Acquire Retailer Paper Source
Barnes & Noble Owner to Acquire Retailer Paper Source Posted on Owners of Barnes and Noble, an American bookseller, revealed it is acquiring Chicago-based Paper Source. Hedge fund Elliott Investment Management’s purchase will provide Paper Source with the necessary capital to surface from Chapter 11 bankruptcy. Barnes & Noble CEO James Daunt is prepared to lead the two companies. Despite both companies set to function separately, partnerships are possible. “With Paper Source’s management team, we will support and accelerate the brand’s strategic growt...
Source: financialbuzz.com