Books-A-Million Inc (BAMM.O) agreed to acquire lease interest in 14 of Borders Group Inc's (BGPIQ.PK) stores for $934,209. In a court filing, Borders, which is going out of business after an unsuccessful attempt to sell itself out of bankruptcy, noted that Books-A-Million will acquire real estate leases of its large format stores and specialty stores. In July, Books-A-Million said its bid to acquire 30 Borders stores was unsuccessful as the two companies could not agree on the terms of the deal. Borders, unable to overcome competition from larger rival Barnes & Noble Inc (BKS.N) and from Amazon.com Inc (AMZN.O) as they moved online, filed for bankruptcy and won court approval in July to liquidate its 40-year-old business. The case is In re Borders Group Inc, U.S. Bankruptcy Court, Southern District of New York, No. 11-10614.
Books-A-Million, Inc. is a book retailer in the south-eastern United States. Shares of BAMM fell by 11.03% or $-0.31/share to $2.50. In the past year, the shares have traded as low as $2.50 and as high as $6.94. On average, 85082 shares of BAMM exchange hands on a given day and today's volume is recorded at 111003.
Barnes & Noble, Inc. (Barnes & Noble) is a bookseller. Shares of BKS traded higher by 1.63% or $0.18/share to $11.21. In the past year, the shares have traded as low as $8.45 and as high as $21.06. On average, 1307420 shares of BKS exchange hands on a given day and today's volume is recorded at 885708.
Amazon.com, Inc. (Amazon.com) is a customer-centric company for three primary customer sets: consumers, sellers and enterprises. Shares of AMZN traded higher by 0.09% or $0.18/share to $193.73. In the past year, the shares have traded as low as $122.25 and as high as $227.45. On average, 5174420 shares of AMZN exchange hands on a given day and today's volume is recorded at 6252998.
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