Barnes & Noble Inc. is nearing a deal to be bought by hedge fund Elliott Management Corp., according to people familiar with the matter, as the nation’s largest bookstore chain seeks a new owner after years of decline. Elliott is the lead bidder in an auction that could come to a head soon, the people said. It is expected to pay $6.50 a share, one of the people said.

Source: Wall Street Journal June 06, 2019 17:49 UTC