Report: Readerlink Working on Bid for Barnes & Noble
Readerlink, one of the companies that had been seeking to acquire Barnes & Noble since the bookseller put itself on the block last October, is "working toward making a bid" that would be higher than Elliott Management's offer of $6.50 a share, or $475 million, the Wall Street Journal reported, citing "a person familiar with the situation." In response to the news, B&N's share price rose yesterday, and as of this morning had risen altogether about 7%, to $6.90 a share, on speculation that Readerlink may spark a bidding war.
Although the Elliott offer was accepted by the B&N board last week, it still must be approved by shareholders and regulatory authorities. The Journal noted that B&N and Elliott's agreement includes "a 'keep-shop' provision specifying that if Barnes & Noble strikes a deal with a third party before 11:59 p.m. ET on Thursday, June 13, Elliott would be entitled to a payment of up to $4 million. After that date, the breakup fee would be $17.5 million in cash."
According to the Journal, "if Readerlink can get financing in place," it would try to make a bid before the Thursday deadline and "may join with a financial investor."
Once known as Levy Home Entertainment, Readerlink is the largest U.S. wholesaler of books to mass merchandisers, grocery stores, drug stores and other retailers. In 2015, Readlink bought Baker & Taylor's warehouse club business and publishing operations--including Silver Dolphin Books, Thunder Bay Press and Portable Press. In 2016, it bought Anderson Merchandisers.









While this is their first foray into the book business, Anne Peck explained, she and her husband have had "many successful retail ventures in the past." The store, which officially opened on June 7, has already met with a great response from both St. Simons residents and visitors, she said. She added that the store's name comes from her father, Righton Lyndon, who loved to read.
Authors Lee Child and Joanna Trollope, as well as former Hachette U.K. CEO Tim Hely Hutchinson,
Last Thursday, the American Booksellers Association's e-newsletter edition of the Indie Next List for June was delivered to more than half a million of the country's best book readers. The newsletter was sent to customers of 142 independent bookstores, with a combined total of 538,577 subscribers.
Author Ira Resnick (right) visited
Congratulations to 
Dumpster Dog
For attendees of the American Library Association annual conference and exhibition in Washington, D.C., June 20-25, Lonely Planet recommends the seriously streetwise City Trails series for kids, which features colorful themed trails, from history and culture to food and nature that reveal amazing facts and intriguing tales not normally found on tourist routes or inside the average guidebook. Crack open City Trails: Washington DC guide and learn where to find Henry the giant elephant, eat oyster sandwiches, view the Grand Canyon on a ceiling, and lots more!
Meet the Spiders
Rome's Tombs: Franciscan Monastery
Margaret Renkl's Late Migrations: A Natural History of Love and Loss is a quiet but stunning collection of essays merging the natural landscapes of Alabama and Tennessee with generations of family history, grief and renewal. Renkl's voice sounds very close to the reader's ear: intimate, confiding, candid and alert.