A rival bookseller has initiated a hostile takeover offer for Chapters, Canada’s largest bookseller. Chapters’ CEO rejects the bid. Chapters is said to have been in financial difficulty in the past year. – National Post (Canada)
- FLAWED PREMISE: Why did Chapters get into trouble? “The kind of vertical integration that has allowed one company in Canada – even after a government investigation – to become the major books retailer, wholesaler and e-business just would not, and was not, allowed in the United States. And here, ironically, it is bringing the company down.” – National Post (Canada)