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)
Tags: Barnes & Noble, BGI, Borders