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TheStreet Open House

Books-A-Million Won't Buy 30 Borders Stores

Stocks in this article: BAMM

BIRMINGHAM, Alabama ( TheStreet) -- Books-A-Million (BAMM - Get Report) said efforts to buy 30 Borders stores ended unsuccessfully because the parties couldn't agree on terms of a deal.

"We worked exhaustively in an effort to acquire these stores and reach agreements with all of the parties whose consent was necessary. Unfortunately, we were unsuccessful," said Books-A-Million Chairman and CEO Clyde Anderson in a statement.

Books-A-Million last week submitted a bid for the leases and assets of the 30 Borders stores.

Borders, the bankrupt bookseller, began liquidating last Friday after it received no buyout offers by a deadline.

-- Written by Joseph Woelfel



>To contact the writer of this article, click here: Joseph Woelfel

>To submit a news tip, send an email to: tips@thestreet.com.

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