Debevoise & Plimpton LLP is advising affiliates of Elliott Management Corporation (“Elliott”) in their acquisition of Barnes & Noble in a transaction valued at approximately $683 million. Under the terms of the agreement, Elliott, which owns Waterstones, the largest retail bookseller in the United Kingdom, will acquire all the outstanding shares of Barnes & Noble, the largest retail bookseller in the U.S., for $6.50 per share in cash.

Elliott is one of the oldest fund managers of its kind under continuous management. As of January 1, 2019, Elliott manages approximately $34 billion in assets.

Barnes & Noble, Inc. (NYSE:BKS) is a leading retailer of content, digital media and educational products. The company operates 627 Barnes & Noble bookstores in 50 states and one of the Web’s premier e-commerce sites, BN.com.

The Debevoise team is led by partners Michael A. Diz and Jeffrey J. Rosen and includes partners Michael Bolotin, Jeffrey P. Cunard, Ted Hassi, Pierre Maugüé, Nicole Levin Mesard and Ramya S. Tiller, counsel Kyra K. Bromley, Timothy McIver and Charles E. Wachsstock and associates Isabel Espinosa de los Reyes, Sean Thomas Foley, Alexandra P. Grossman, Andrew G. Jamieson, Zain Kazmi, John Love, James F. Malmo, Wesley Moore, Robert J. Nelson-Sullivan, Ryan T. Rafferty, Erica C. Reich, Tricia Bozyk Sherno, Isaac Stern and Alana Walker.

Debevoise & Plimpton LLP is a premier law firm with market-leading practices, a global perspective and strong New York roots. We deliver effective solutions to our clients’ most important legal challenges, applying clear commercial judgment and a distinctively collaborative approach.