Barnes & Noble Education’s Renewed Cooperation Agreement with Outerbridge Capital Management

Paul Hastings advised Barnes & Noble Education, Inc., while Olshan advised Outerbridge Capital Management.

Barnes & Noble Education, Inc., a leading solutions provider for the education industry, announced its renewed cooperation agreement with Outerbridge Capital Management LLC (Outerbridge).

As part of the agreement, Barnes & Noble Education has agreed to nominate Rory Wallace, Chief Investment Officer of Outerbridge, to election to the Company’s Board of Directors at the 2022 Annual Meeting of Stockholders.

Barnes & Noble Education also announced that it will separate the Chair and CEO roles, effective immediately. Vice Admiral John R. Ryan, the Company’s current lead independent director, has been appointed as Chairman of the Board.

New York partner Eduardo Gallardo (Picture) and associate Vinnie Buehler advised Barnes & Noble Education on the renewed cooperation agreement.

The Olshan team included Andrew Freedman, Meagan Reda, Ian Engoron and Mark Kiley.

Involved fees earner: Ian Engoron – Olshan Frome Wolosky; Andrew Freedman – Olshan Frome Wolosky; Mark Kiley – Olshan Frome Wolosky; Meagan Reda – Olshan Frome Wolosky; Vinnie Buehler – Paul Hastings LLP; Eduardo Gallardo – Paul Hastings LLP;

Law Firms: Olshan Frome Wolosky; Paul Hastings LLP;

Clients: Barnes & Noble Education, Inc.; Outerbridge Capital Management;

Martina Bellini

Author: Martina Bellini