University bookstore operator Barnes and Noble Education (BNED) hired Houlihan Lokey according to a report by Bloomberg. The article cited declining college enrollments and loans maturing later next year as catalysts for the engagement.
Barnes and Noble Education shares closed at $1.62 Monday, giving the company a market capitalization of $85 Million.
Barnes and Noble Education was part of the national retail chain until 2015, when the Barnes and Noble separated its higher education operations from its retail stores.
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