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Books-A-Million Proxy Shows Andersons Rejected A Higher Outside Bid

Books-a-Million has filed a preliminary proxy statement with the SEC in advance of a special shareholders' meeting to vote on the Anderson family's offer to buy out the stock they do not own for $3.25 a share (valuing the entire company at $50 million). A date for the meeting has not…

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Family Christian Bankruptcy Reorganization Is Approved

As expected, the revised, final and only viable reorganization plan for the bankrupt and ever-diminishing Family Christian Stores was approved by Bankruptcy Court Judge John Gregg. Per the proposal that was sent to creditors for their approval a month ago, FCS Acquisition is paying between $52.4 million and $55.7 million to…

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People, Etc.

at Penguin Random House, Randi Rosenkranz has been appointed to the newly created position of vp, sales development. She most recently was Team Manager, Worldwide Developer Relations at Apple, and before that, Penguin Random House’s vp, digital development. At Bloomsbury USA, Lea Beresford has been promoted to senior editor. Book…

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Market Mulls Barnes & Noble Split

Barnes & Noble officially spins off Barnes & Noble Education as a separate, publicly-traded company next Monday, when we'll start to get a clearer view of how investors value the two distinct parts. The company itself declared BNED worth 38.7 percent of the whole -- since each BKS stockholder gets…

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People, Etc.

At Tarcher, Joanna Ng has been promoted to associate editor. For Tarcher & Pergiee, Tyler Fields is being promoted to publicity and marketing coordinator. Amanda Roser has joined bluebottlebiz as marketing and communications manager, based in Boston. Awards The Romance Writers of America named the winners of their RITA and Golden Heart awards in…

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Briefs: Another Pearson Sale, RCS to Meet on Mondadori Offer, and More

Following their big £844 million sale of the FT to Nikkei, Pearson acknowledged over the weekend that they are in talks with the co-owners of The Economist about selling their 50 percent stake in that organization as well. A Bloomberg source says that separate sale could yield another £400 million…

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Bookselling: Cobble Hill's The Community Bookstore Sells Building, Will Close; and More

The Community Bookstore in Cobble Hill (not to be confused with Community Bookstore in Park Slope) is set to close in 2016 after owner John Scioli agreed to sell the three-story building that houses the bookstore on the ground floor for $5.5 million to a real estate group that owns several buildings in…

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After Education Spinoff, Barnes & Noble Will Reinstate Dividend

Barnes & Noble announced a final date for the BN Education spinoff -- distributing the new stock on August 2 (to BN shareholders of record as of July 27). BNED stock is expected to begin trading on a "when-issued" basis starting July 23 and will convert to regular trading on August 3. More importantly…

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Andersons Get "Definitive Agreement" to Buyout Books-A-Million For $21 Million

Six months after their latest offer to take Books-A-Million private, the controlling Anderson family has reached a deal to buyout shareholders of the country's second-largest book retailer for approximately $21 million, an improved offer of $3.25 a share. (Previously, they offered $17 million, or $2.75 a share.) Unanimously approved by a special board…

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BN Marketplace Comes Back Online

When Barnes & Noble went live with the revamped version of their website on June 30, there were a number of bumps, including some periods of downtime. But the biggest missing element was their Marketplace, which offers "access to tens of millions of items provided by" third-party sellers, including used books. On Tuesday…

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