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“This is Elliott’s second purchase of a major bookstore chain in little over a year. In April 2018, it bought the U.K. chain Waterstones. When the B&N purchase is completed, expected to be in the third quarter of the 2019, James Daunt, CEO of Waterstones, will take over as B&N CEO as well. In the release announcing the deal, Elliott said that while each bookseller will operate independently, ‘they will share a common CEO and benefit from the sharing of best practice between the companies.’ B&N will remain based in New York.” —
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Barnes & Noble
