Borders to Liquidate, Bookseller Files Plan

Sheahan, Matthew
July 2011
High Yield Report;7/25/2011, p1
The article reports on the plan of retail bookselling chain Borders to liquidate due to its failure to attract a bidder. It sees closures of the chain's 400 stores and loss of more than 10,000 jobs. The liquidation will enable Borders to receive between 252 to 284.4 million U.S. dollars. It will be submitted to the U.S. Bankruptcy Court for the Southern District of New York.


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