Stock Therapy
:
Barnes & Noble Education (BNED) is not directly withdrawing from the Greenhaven deal as initially perceived. Instead, they are restructuring their financial strategy to strengthen their balance sheet and enhance their services. This includes entering into a definitive agreement involving a substantial rights offering and private investment led by Immersion Corporation, as well as converting significant debt into equity (StreetInsider.com) (BNED Investor Relations).
The transactions, expected to close in June 2024, are contingent upon stockholder approval at a special meeting. If the stockholders do not approve, the rights offering and associated transactions will be terminated (BNED Investor Relations). Greenhaven Road Capital, which had previously acquired a 9.9% stake in BNED, is involved in discussions but there are no indications of BNED withdrawing from any specific Greenhaven deal (TrimFeed).
Super Dave
Capybaraaaaaa
OP
:
isn't the stock offering one of the purposely to be voted on in June by stockholders? that is what the letter stated that they sent out.
Stock Therapy : wow I’d be cool with that
Stock Therapy : when is the withdrawal
Stock Therapy : Barnes & Noble Education (BNED) is not directly withdrawing from the Greenhaven deal as initially perceived. Instead, they are restructuring their financial strategy to strengthen their balance sheet and enhance their services. This includes entering into a definitive agreement involving a substantial rights offering and private investment led by Immersion Corporation, as well as converting significant debt into equity (StreetInsider.com) (BNED Investor Relations).
The transactions, expected to close in June 2024, are contingent upon stockholder approval at a special meeting. If the stockholders do not approve, the rights offering and associated transactions will be terminated (BNED Investor Relations). Greenhaven Road Capital, which had previously acquired a 9.9% stake in BNED, is involved in discussions but there are no indications of BNED withdrawing from any specific Greenhaven deal (TrimFeed).
Capybaraaaaaa OP Stock Therapy : With the new offerings, it’s likely to drop even more tomorrow
Stock Therapy Capybaraaaaaa OP : I’ll hold through June
Super Dave Capybaraaaaaa OP : isn't the stock offering one of the purposely to be voted on in June by stockholders? that is what the letter stated that they sent out.