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5 января 2009, 00:00 1847 просмотров

Barnes & Noble attracts Yucaipa Investment

Yucaipa, a private equity firm controlled by billionaire Ron Burkle, has announced it had acquired an 8.3% stake in bookseller Barnes & Noble, saying it believed the shares were undervalued. Yucaipa said it would hold the shares as an investment, but would "closely monitor the company's performance and may modify their plans in the future". Barnes & Noble follows its rival, Borders in attracting investment. Borders' largest shareholder is hedge fund Pershing Square Capital Management, led by William Ackman, and the company last year received USD42.5 million in financing from the fund.

planetretail.net

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Yucaipa, a private equity firm controlled by billionaire Ron Burkle, has announced it had acquired an 8.3% stake in bookseller Barnes & Noble, saying it believed the shares were undervalued. Yucaipa said it would hold the shares as an investment, but would "closely monitor the company's performance and may modify their plans in the future". Barnes & Noble follows its rival, Borders in attracting investment. Borders' largest shareholder is hedge fund Pershing Square Capital Management, led by William Ackman, and the company last year received USD42.5 million in financing from the fund.

planetretail.net

Barnes & Noble attracts Yucaipa InvestmentBarnes & Noble, bookseller, Yucaipa, billionaire, Ron Burkle,
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Barnes & Noble attracts Yucaipa Investment
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SITE_NAME https://www.retail.ru
https://www.retail.ru/news/34812/2017-12-13