Page 41 - Paper Source News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Investment firm Elliott has entered an agreement to acquire gift and stationery retailer Paper Source's assets and business operations.

What can he say? The guy just loves some cute and colorful bunting.

Hedge Fund and Insider Trading News: Bill Ackman, Ray Dalio, Perceptive Advisors, Westbeck Capital, Tiger Global Management, SEI Investments Company (SEIC), and More Energy-focused hedge fund Westbeck Capital has bagged its sixth consecutive monthly gain, as it “aggressively” tapped into buying opportunities during last month’s steep oil correction. The Westbeck Energy Opportunity Fund – Westbeck’s flagship long/short directional hedge fund strategy which trades across equities, futures and options – scored a 3.9 per cent gain in April, and has already started May positively, the...

Paper Source has a deal to be bought by the owner of Barnes & Noble. Elliott Investment Management announced today it plans to acquire the Chicago-based stationery and gift retailer, which filed for bankruptcy protection in March. MORE The purchase by the New York-based investment fund allows Paper Source "to emerge from Chapter 11 with the support of a well-capitalized owner committed to the development and growth of the business," Elliott said in a statement today. Terms of the deal were not disclosed. Plans call for the retailer to have about 130 stores nationwide, plus an e-commerce oper...

Barnes & Noble CEO James Daunt will oversee both companies. While the two businesses plan to operate independently, it hinted at possible partnerships in the future. "With Paper Source's management team, we will support and accelerate the brand's strategic growth initiatives. Alongside this, the opportunities for Paper Source to work with Barnes & Noble are tremendously exciting for both businesses," Daunt said in a press release. Paper Source plans to operate 130 stores in the U.S. as well as its website and wholesale division, Waste Not Paper by Paper Source. The stationery chain filed for...