Barnes & Noble Education to get $95M in equity capital in Immersion Corp. deal

Barnes & Noble Education (BNED) “announced that its shareholders have voted to approve its previously announced equity and refinancing transactions with Immersion Corporation (IMMR), and certain of the Company’s existing shareholders and strategic relationships. Receiving shareholder approval marks a key step toward closing the Transactions, which are expected to significantly strengthen BNED’s long-term financial position, deleverage its balance sheet, and enable it to continue to strategically invest in innovation. In addition to the approval of the Transactions, shareholders approved the appointment of five new Directors to the Company’s Board of Directors, and re-appointment of two existing Directors, Kathryn Eberle Walker and Denise Warren.”