Books-A-Million to Lease 14 Borders Stores

At least 14 communities around the nation will not lose a mega-bookstore where Borders once stood, after all.

Birmingham, Alabama-based bookstore chain Books-A-Million will acquire the leases of 14 Borders Group Inc. superstores for $934,209, Bloomberg reported yesterday. According to court documents, the lease sale must be approved by the court handling Borders' bankruptcy liquidation by Aug. 29 to be valid.