Books-A-Million says talks to buy 30 Borders store leases, assets unsuccessful
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(Press Release) July, 26. NEW YORK — Bookstore chain Books-A-Million Inc. says its last-minute talks to buy the leases and assets of 30 Borders bookstores out of bankruptcy have fallen through.
Borders Group Inc., which filed for bankruptcy protection in February, received court approval last week to liquidate its 399 stores. The chain said at the time it was talking to Books-A-Million about buying 30 store leases and inventory.
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