- Post-election taunts reported at Jackson schools (12/2/16)28
- Man killed by vehicle had been charged with domestic assault (11/30/16)
- Cape man gets 8 years for robbery, his first offense (12/7/16)5
- Man sentenced to 103 years for murder of Cape woman (12/6/16)3
- Burglary suspect apprehended inside Jackson garage (12/4/16)
- Poplar Bluff man accused of enticement, child porn in Scott County sting operation (12/4/16)
- Cape may allow residents to keep chickens; residents at meeting push for measure (12/6/16)33
- Men who pulled father, son from burning car near Naylor honored by highway patrol (12/1/16)
- Cape woman hopes son's death in Chattanooga will lead to better policing (11/30/16)11
- Lt. Gov. Kinder weighs in on Trump's win, his future plans (12/4/16)13
Investor offers to finance Borders' Barnes & Noble bid
NEW YORK -- Buying out Barnes & Noble would give its much smaller rival, Borders Group, a bigger and firmer stake in the digital world, but some analysts said combining the two largest companies in the shrinking realm of traditional book selling could hurt both -- perhaps irreparably.
Activist investor William Ackman and his investment firm announced in a regulatory filing Monday that they had offered to finance a $963 million bid by Borders for Barnes & Noble Inc.
Under the deal, Pershing Square Capital Management would sponsor a bid by Borders of $16 per share for more than 60 million outstanding Barnes & Noble shares. The news sent Barnes & Noble's shares up 10.6 percent, or $1.41, on Monday to close at $14.69.
Both book sellers face increasingly tough competition from much bigger merchants online and in stores, including Amazon.com, Target Corp. and Wal-Mart Stores Inc. And both have said they are relying for growth on electronic books and readers, a still-small arena where another giant, Google Inc., launched its own bookstore Monday.