Apr 26, 2018

Bookshop chain Waterstones sold to Elliott Advisors

Book chain Waterstones, has been bought by activist investment firm Elliott Advisors for an undisclosed amount. Mr Daunt said the sale was a "Very happy outcome for Waterstones". Waterstones has 283 bookshops and 3,000 staff in the UK, Ireland, the Netherlands and Belgium, and sales of more than £400m a year. Lynwood Investments, which has been the controlling shareholder in Waterstones since 2011, will keep a minority stake. Hedge fund Elliott has about £35bn of funds under management worldwide.

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