Book distributor Readerlink LLC is working toward making a bid for Barnes & Noble Inc. that would top the price hedge fund Elliott Management Corp. agreed to pay for the book retailer, a person familiar with the situation said. Barnes & Noble said Friday it had reached an agreement to be acquired by Elliott for $6.50 a share, or $475 million in cash. Including the assumption of debt, the deal is worth $683 million.

Source: Wall Street Journal June 10, 2019 19:52 UTC