Borders lawyer Andrew Glenn called it “a very bittersweet day” at Thursday morning’s bankruptcy court hearing, as he again reiterated the company’s disappointment that no full going concern bids emerged by the July 17 deadline. But in what he characterized as a “late breaking development”, Books-a-Million has indeed offered to take over the leases, inventory, furniture, and other related items on 30 stores, with an option on a further five stores. The offer would preserve anywhere from between 1000 and 1500 jobs, Glenn said, and he asked the court to proceed and later approve of the agreement, which Borders said […]
