02-22-2014, 08:30 AM
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#9
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Banned
Posts: 304
Karma: 6102528
Join Date: Mar 2012
Device: Kindle
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http://www.businessweek.com/news/201...set-management
Quote:
‘No Money’
G Asset’s funds include G Real Estate Partners LP, G Value Partners LP and G Value Fund LLC. G Real Estate filed documents with the SEC in July 2010 stating that the fund had raised about $1.6 million. G Value Partners said in February 2012, the same month that the group reported its Barnes & Noble stake, that it had raised about $1.8 million.
The firm’s current offer for 51 percent of Barnes & Noble would take about $673 million. Without a demonstration of funding, it’s hard to see how a deal could happen, said John Tinker, an analyst at Maxim Group in New York.
“He’s got no money,” Tinker, who has a buy rating on Barnes & Noble shares, said in a phone interview. “Money talks. Even Carl Icahn has to buy a piece of Apple before he can get breakfast or dinner with Tim Cook.”
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Last edited by Top100EbooksRank; 02-22-2014 at 08:49 AM.
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