B&T Closes AMS Purchase Baker & Taylor officially announced their acquisition of certain assets of the bankrupt AMS and will operate the business as Baker & Taylor Marketing Services. They “intend to resume full shipping operations to the warehouse clubs” as of yesterday according to the release. The final purchase price will be determined by a variety of conditional factors, though it is still estimated as approximately $76 million. The initial cash payment is just $20 million, though. An attorney for the creditors says AMS has been losing as much as $2 million a week. B&T says they will keep […]
