Borders US could face liquidation

Written By: Bookseller Staff Publication Date: Thu, 14/07/2011 - 09:40 Borders could face liquidation in the United States after a committee of unsecured creditors rejected a proposed takeover by private equity firm Najafi Companies. The creditors are concerned Najafi would buy the company at a low price and then liquidate it without benefiting them. The committee said in a court filing: "It neither maximises value for the benefit of unsecured creditors nor provides for the other benefits of a going concern." read more Continue reading at 'The Bookseller'

[ The Bookseller | 2011-07-14 00:00:00 UTC ]
News tagged with: #unsecured creditors #proposed takeover #low price #court filing

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