Borders Secures Needed Financing and Considers a Sale

March 20th, 2008

Facing a near-term liquidity challenge, the nation’s second-largest bookseller considers selling all or part of its operations and, meanwhile, has secured up to $42.5 million in financing to help the chain continue operations.  Borders has lost market shares both to online retailers and Wal-Mart in recent years.  The New York Times  (Mar. 20, 2008)

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