Finance

This blog is the second in a series of six blogs, each including one of the six traps to avoid when negotiating large-quantity book sales

The deal between private equity firm Najafi Cos. and The Borders Group, which filed for bankruptcy protection in February, is off.

Transcontinental Inc. and Quad/Graphics Inc. have entered into an agreement in which Transcontinental will indirectly acquire all Quad Graphics Canada Inc. shares.

Borders Group Inc. (BGP) asked a bankruptcy judge to overrule landlords’ objections to the proposed sale of the bookstore chain’s assets and promised to provide more information about leases by next week.

Borders is trying to resolve objections from landlords at several locations, the company said in papers filed yesterday in U.S. Bankruptcy Court in Manhattan. The structure of the $215.1 million sale to Najafi Cos., which still requires an auction to test for higher bids, is set to go before U.S. Bankruptcy Judge Martin Glenn tomorrow.

Ingram Publisher Services Inc., an Ingram Content Group Company, today announced agreements with four new publishers.

Borders, the bookstore operator looking to reorganize in bankruptcy, has so far failed to find a bidder for the entire chain, according to four people familiar with the matter. 

Domtar Corporation today announced that its Board of Directors declared a quarterly dividend of $0.35 per share to holders of its common stock

Barnes & Noble, Inc. (NYSE: BKS) announced that it has entered into an amendment that will extend its existing $1 billion revolving credit agreement

Lagardère announced first quarter consolidated revenues today of €1,805m ($2,677 million U.S.), an increase of 3.1% as reported.

According to Lagardère's press release, the publishing division's first quarter revenues of €390m ($598 million U.S.) are, as expected, down 9.8% from Q1 2010 as reported and down 10.4% on a like-for-like basis.

Courier Corporation, one of America's leading book manufacturers and specialty publishers, today announced fourth-quarter and full-year results for its fiscal year ended September 25, 2010.