BNED - Mergers and acquisitions

Barnes & Noble Education, Inc. (NYSE:BNED), a leading solutions provider for the education industry, today announced that its Board of Directors has approved the adoption of a short-term stockholder rights plan and declared a dividend distribution of one preferred share purchase right on each outstanding share of the Company's common stock. The rights will be exercisable only if a person or group acquires 10% or more of the Company's outstanding common stock, subject to certain exceptions. Each right will entitle stockholders to buy one one-thousandth of a share of a new series of junior participating preferred stock at an exercise price of $5.00. If a person or group acquires 10% of th

Company acquires Digital Student Solutions segment from Barnes & Noble Education, including bartleby® and Student Brands REDWOOD CITY, Calif., May 31, 2023 /PRNewswire/ -- Learneo, Inc., a platform of productivity and learning businesses and technologies, today announced that it entered into a definitive agreement and closed on the acquisition of the Digital Student Solutions (DSS) segment of Barnes & Noble Education, Inc. (NYSE:BNED), which includes bartleby®  and Student Brands. DSS expands Learneo's suite of supplemental learning technologies with multiple subscription-based solutions offering high-quality educational content, as well as study and writing support and tools across several

Sale of DSS segment enables BNED to further prioritize the growth opportunities within its Retail business Expects fiscal 2023 non-GAAP Adjusted EBITDA from continuing operations in the range of $(10) million to $(5) million Barnes & Noble Education, Inc. (NYSE:BNED), a leading solutions provider for the education industry, today provided a business update and certain preliminary, unaudited financial results for the twelve months ended April 29, 2023. Digital Student Solutions ("DSS") Segment Sale Strengthens Financial Flexibility The Company announced that it has closed on the sale of its DSS segment, which consists of the Student Brands and bartleby® products, to Learneo, a pla