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The Asset Purchase Agreement, as amended, reflects the terms and conditions of the purchase by Baker & Taylor, Inc. of the majority of the Company's assets, as publicly announced by the Company on March 21, 2007.
AMS filed a voluntary petition under Chapter 11 of the Federal Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware. The Chapter 11 proceeding does not include the Company’s international subsidiaries in the United Kingdom, Mexico and Australia