Barnes & Noble Education Shares Surged Tuesday: What Happened?
Barnes & Noble Education Shares Surged Tuesday: What Happened?
Barnes & Noble Education (NYSE:BNED) shares rocketed higher on Tuesday, potentially driven by ongoing developments surrounding a potential strategic transaction with the company.
周二，Barnes & Noble Education（纽约证券交易所代码：BNED）股价飙升，这可能是受围绕与该公司潜在战略交易的持续进展所推动。
What's Going On: At the beginning of the month, activist investors Outerbridge and Greenhaven delivered a preliminary $114.5 million recapitalization proposal to Barnes & Noble Education's board.
发生了什么：本月初，激进投资者Outerbridge和Greenhaven向Barnes & Noble Education董事会提交了1.145亿美元的初步资本重组提案。
The proposal included a $57 million rights offering backstopped by Outerbridge, Greenhaven and others, as well as a $57 million direct investment from eight investors at 35 cents per share. Greenhaven and Outerbridge would also have a "PIPE Capacity Option" to directly invest up to $20 million and $7.5 million, respectively, at their discretion.
该提案包括由Outerbridge、Greenhaven等公司支持的5700万美元供股，以及八位投资者以每股35美分的价格进行的5700万美元直接投资。Greenhaven和Outerbridge还将有一个 “PIPE容量期权”，可以自行决定分别直接投资高达2000万美元和750万美元。
The proposal outlined provisions like a 10% backstop fee payable in shares, board seats for Greenhaven representatives and the creation of an executive committee to manage a transition to a new CEO.
该提案概述了诸如以股票形式支付的10％的支持费、为Greenhaven代表提供董事会席位以及成立执行委员会来管理向新首席执行官的过渡等条款。
While the board determined on May 2 that the proposal could reasonably lead to a superior transaction, it did not deem the proposal officially superior. Outerbridge subsequently informed the company on May 6 that it did not intend to participate in further discussions around the proposal.
尽管董事会在5月2日确定该提案可以合理地导致更优质的交易，但它并不认为该提案在形式上更胜一筹。Outerbridge随后于5月6日通知该公司，它不打算参与围绕该提案的进一步讨论。
Last week, the company said in a filing that Greenhaven continues to explore a possible transaction and may continue to have discussions with management and members of the board.
上周，该公司在一份文件中表示，Greenhaven继续探索可能的交易，并可能继续与管理层和董事会成员进行讨论。
Barnes & Noble Education shares are seeing elevated volatility and trading higher on Tuesday in possible reaction to the ongoing discussions. Barnes & Noble's average session volume is about 3.3 million, according to Benzinga Pro. Tuesday's trading volume was above 196 million at the time of writing.
周二，Barnes & Noble Education的股价波动性加大，交易走高，这可能是对正在进行的讨论的反应。根据Benzinga Pro的数据，Barnes & Noble的平均会话量约为330万次。在撰写本文时，周二的交易量超过1.96亿。
BNED Price Action: Barnes & Noble Education shares closed Tuesday up 72.6% at 53 cents, according to Benzinga Pro.
BNED价格走势：根据Benzinga Pro的数据，Barnes & Noble Education股价周二收盘上涨72.6％，至53美分。
Image: Shutterstock
图片：Shutterstock
译文内容由第三方软件翻译。