The Baker & Taylor Card Livening up today’s proceedings, AMS announced it has signed a letter of intent to sell “the majority of its assets, excluding PGW,” to Baker & Taylor — the company that current AMS ceo Gary Rautenstrauch ran until mid-2003. They note that “the letter of intent is subject to the negotiation of a definitive asset purchase agreement and the approval of the bankruptcy court.” The parties expect to request a bidding procedures hearing before the bankruptcy court on February 16, and would hope to close a deal by March 15. Richard Willis, who took over as […]
