Books-A-Million to Lease 14 Borders Stores
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Borders won court approval to liquidate its remaining 399 stores on July 21 after investors rejected a last-ditch purchase offer from Najafi Cos.’ Direct Brands LLC. Asset holders feared they might recover less from a Direct Brands liquidation, should the new owners have chosen that route, then they could from an immediate court-supervised sell off.
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- Companies:
- Books-A-Million Inc.
- Places:
- Birmingham, Alabama
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