Baker & Taylor in Bid to Acquire AMS
On February 12, Advanced Marketing Services (AMS) announced that it had entered into a letter of intent with Baker & Taylor, to sell most of its assets, excluding Publishers Group West (PGW). The letter of intent is subject to the negotiation of a definitive asset purchase agreement and the approval of the bankruptcy court.
"An agreement with AMS will represent an important strategic addition to Baker & Taylor's business," said Richard Willis, chairman, president and CEO of Baker & Taylor, in a statement.