From online article about Baker and Taylor. It is concerning that Baker and Taylor could have cash flow issues. Also concerning that sales were significantly higher in previous years, yet will only add one billion in sales. This is probably a good short term move to shore up sales and possibly a sales, but is not something that will allow Follett to grow. The only way sales increase is through more acquisitions.
" Asked about complaints from some smaller presses over slow payments from the company, Cully CEO said B&T tries to look into each issue on a case-by-case basis and is willing to engage with publishers to go over any problems. He reiterated that the divestitures will allow B&T to improve its financial picture in a way “that will be good for everybody.”