Sameday Acquisition of Countrybooks Collapses

The Bookseller reports that just one month after terms for the deal were agreed and announced by Samedaybooks, the company’s acquisition of Country Bookshop‘s website has collapsed. According to a statement put out by Samedaybooks: “During ensuing discussions between management of both companies, it was mutually agreed that while there are valuable business opportunities for both parties, an acquisition of Country Bookshop would not maximize shareholder value for either company.” No reason was given why but ust last week Country Bookshop launched its online social networking site for the book community, Booksconnect, with no mention of Samedaybooks.

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