Borders Hires Two Investment Banks to Advise Company on Possible Sale

March 21st, 2008

News of Borders’ liguidity challenges sent its shares plunging almost 29% yesterday.  Commenting on the news about a rival bookseller, Barnes & Noble’s coo, Mitchell S. Klipper, said his company had not been approached by Borders, but would potentially be interested in a purchase.  The New York Times  The Wall Street Journal  Paid subscription may be required.  (Mar. 21, 2008)

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