Comag Marketing Group, LLC

Borders Group Inc.’s biggest shareholder, William A. Ackman, has extended new financing terms to the retailer that further incentivize it to sell to a buyer by October 1st.  The terms between BGI and Ackman’s Pershing Square Capital Management were re-negotiated after other financiers expressed interest in backing Borders.  The Wall Street Journal  (Apr. 8, 2008)  Paid subscription may be required. 

Tags: BGI, Borders, Pershing Square Capital Partners, William A. Ackman

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