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.
週二，Barnes & Noble Education（紐約證券交易所代碼：BNED）股價飆升，這可能是受圍繞與該公司潛在戰略交易的持續進展所推動。
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.
發生了什麼：本月初，激進投資者Outerbridge和Greenhaven向Barnes & Noble Education董事會提交了1.145億美元的初步資本重組提案。
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.
該提案包括由Outerbridge、Greenhaven等公司支持的5700萬美元供股，以及八位投資者以每股35美分的價格進行的5700萬美元直接投資。Greenhaven和Outerbridge還將有一個 “PIPE容量期權”，可以自行決定分別直接投資高達2000萬美元和750萬美元。
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.
該提案概述了諸如以股票形式支付的10％的支持費、爲Greenhaven代表提供董事會席位以及成立執行委員會來管理向新首席執行官的過渡等條款。
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.
儘管董事會在5月2日確定該提案可以合理地導致更優質的交易，但它並不認爲該提案在形式上更勝一籌。Outerbridge隨後於5月6日通知該公司，它不打算參與圍繞該提案的進一步討論。
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.
上週，該公司在一份文件中表示，Greenhaven繼續探索可能的交易，並可能繼續與管理層和董事會成員進行討論。
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.
週二，Barnes & Noble Education的股價波動性加大，交易走高，這可能是對正在進行的討論的反應。根據Benzinga Pro的數據，Barnes & Noble的平均會話量約爲330萬次。在撰寫本文時，週二的交易量超過1.96億。
BNED Price Action: Barnes & Noble Education shares closed Tuesday up 72.6% at 53 cents, according to Benzinga Pro.
BNED價格走勢：根據Benzinga Pro的數據，Barnes & Noble Education股價週二收盤上漲72.6％，至53美分。
Image: Shutterstock
圖片：Shutterstock
譯文內容由第三人軟體翻譯。