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OMERS Private Equity Announces Investment in International Schools Partnership
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OMERS Private Equity and AIMCo Announce Sale of Majority Stake in ERM to KKR
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Paper Source to Be Acquired by Elliott
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Elliott Advisors (UK) Limited: Paper Source to Be Acquired by Elliott
Elliott investment supports Paper Source for a bright future of its own and in teaming with Barnes Noble
Elliott Investment Management L.P. ( Elliott ) announces today that funds it advises have entered into a definitive agreement to acquire the assets and business operations of Paper Source Inc.
The acquisition of Paper Source by Elliott allows the stationery and gift retailer to emerge from Chapter 11 with the support of a well-capitalized owner committed to the development and growth of the business. Following the Chapter 11 process, Paper Source will benefit from significantly less debt on its balance sheet. It will operate from approximately 130 stores across the US, from Papersource.com, as well as its wholesale division, Waste Not Paper by Paper Source.
by Tyler Durden
Monday, Apr 12, 2021 - 07:50 AM
Global stock markets and US equity index futures dipped modestly with shares in Europe and Asia as traders weighed inflation risks, an uneven global recovery and the latest upbeat economic outlook from Washington. After sprinting to close at an all time high on optimism that vaccination programs and the easing of lockdowns to combat COVID-19 would bode well for an economic rebound, S&P 500 futures were cautious to start the new week as investors waited to see whether U.S. earnings would justify sky-high valuations, while a rally in bonds could be tested by what should be strong readings for U.S. inflation and another round of blockbuster retail sales this week.