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Tech Industry to acquire for $64 million announced after the bell Wednesday that it will shell out $64 million to acquire (Nasdaq: BNBN) said it will pay $4.25 a share for outstanding shares of (Nasdaq: FATB).

    Company officials said's management team would remain intact and continue to operate out of its Santa Clara, Calif. location.

    "We believe's business-to-business focus, combined with its digital publishing and print-on-demand capabilities, complement Barnes &'s consumer-based initiatives in these areas," said Steve Riggio, vice chairman of in a prepared release. "We also believe that the companies have complementary cultures that will foster our ability to build both the consumer and business-to-business markets together."

    Separately, posted a smaller-than-expected loss in its second quarter, losing $8 million, or 62 cents a share, on sales of $15.3 million.

    First Call Corp. consensus expected it to lose 76 cents a share in the quarter.

    Ahead of the news, shares closed up 37/64, or 15 percent, to 4 25/64. closed off 1/4 to 4 3/8.

    In its latest quarter, missed analysts' estimates when it lost $39.9 million, or 27 cents a share, on sales of $67.4 million.

    First Call Corp. consensus expects the online bookseller to lose 25 cents a share in its third quarter and 94 cents a share in the fiscal year.

    Five of the six analysts tracking the stock rate it a "hold."