Liberty Media has offered to buy Barnes and Noble, valuing the US book retailer retailer at £616 million.
The offer caused the stock to jump 24.7 per cent in after-hours trading well above the offer price of £10.5 per share. Barnes and Noble, which operates 705 retail stores and 623 college bookstores, has been facing financial pressure, and as a result turned much of its attention to digital books.
Other M&A deals
- Vedanta Resources makes plans to aquire Cairn India
Sector: Commodities
Value: £5.9 billion
Advisers: Barclays Capital, Citigroup, Credit Suisse, Royal Bank of Scotland, Standard Chartered Bank, Goldman Sachs International, Morgan Stanley, UniCredit
- Scientific instrument maker Thermo Fisher Scientific aquires Phadia
Sector: Medical
Value: £2.2 billion
Advisers: Barclays, Goldman Sachs
- Deckers puts its best foot forward and aquires sports shoes brand Sanuk
Sector: Apparel
Value: £74 million
Advisers: Peter J. Solomon Company,Stradling Yocca Carlson and Rauth, Moss Adams Capital, Daniel P. Murphy
- Bull & Lifshitz to aquire clinical research organization Kendle International
Sector: Medical
Value: £143 million
Advisers: J.P. Morgan Securities, Keating, Muething & Klekamp, Morgan Stanley, Weil Gotshal & Manges
- Burr Pilger Mayer acquire the San Jose accounting and tax operations of CBIZ
Sector: Finance
Value: undisclosed
Advisers: undisclosed
- Vitro diagnostics bioMérieux has signed an agreement to acquire AES Laboratoire
Sector: Medical
Value: £157.8 million
Advisers: undisclosed
