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IN BRIEF: Elliott makes winning bid to buy Paper Source out of bankruptcy
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Legal IN BRIEF: Elliott makes winning bid to buy Paper Source out of bankruptcy
Maria Chutchian
2 minute read
A plaque is displayed at the entrance of the U.S. District Bankruptcy Court for the Southern District of New York in Manhattan, New York, U.S., January 9, 2020. REUTERS/Brendan McDermid
Greeting card and stationary retailer Paper Source has selected a $91.5 million bid from Elliott Investment Management LP to buy it out of bankruptcy.
Paper Source, represented by Willkie Farr & Gallagher, announced that Elliott had the winning bid at a bankruptcy auction in court papers filed on Monday. Elliott, which owns Barnes & Noble, said in a statement on Tuesday that it believes Paper Source and Barnes & Noble are highly complementary.
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Many of us are guilty of whipping out our smartphone to capture a memorable moment, like visiting a famous historical monument or a stunning piece of art.
But scientists say photos can actually impair our memory of events, by making us focus on the act of picture-taking rather the moment itself.
In experiments, the researchers in New York found participants were better at recalling details of artwork when they hadn t been taking snaps of them.
Many people take photos as a way of preserving important moments in their life, but the study suggests this doesn t actually work.
Live in the moment: Taking photos can actually impair your memory, according to the study by two experts at Binghamton University. Pictured, a smartphone user takes a photo of the remains of the Berlin Wall
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