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Follett Corp. Set to Buy Baker & Taylor

Billboard [May 28 1994]


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Abstract: Baker & Taylor Video should have a new home in the next several weeks. The distributor is part and parcel of a deal that involves the sale of the entire Baker & Taylor wholesaling organization, including books and computer software, by major owner Carlyle Group to Follett Corp., a $650 million educational services company. Both sides have signed a letter of intent, according to Baker & Taylor president James Warburton, who says the word has gone out to employees, major vendors, and customers. Barring problems uncovered when Follett conducts due diligence, trade sources indicate that the transaction should be consummated July 1.

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Publication Year:1994
Type of Material:Article
Language English
Published in: Billboard
Issue:May 28 1994
Show FT:N
Record Number:28359
Last Update:2024-06-16 03:39:52
Date Created:2023-01-13 10:28:18