"Last minute" bid needed for Borders

Written By: Bookseller Staff Publication Date: Fri, 15/07/2011 - 08:50 Borders could cease to exist by the end of next week although the retailer's lawyer said it has received other inquiries that could result in a takeover. On Wednesday a committee of unsecured creditors rejected a takeover proposal by private equity firm Najafi Companies. They argued a court-supervised liquidation sale would be more beneficial to them. read more Continue reading at 'The Bookseller'

[ The Bookseller | 2011-07-15 00:00:00 UTC ]

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