Jul 15 2011
Yesterday, The New York Times reported that embattled bookseller Borders is likely to face liquidation after a committee of its unsecured creditors rejected a buyout proposal from private equity firm Najafi Cos, on the basis that Najafi would be getting the assets too cheaply and was more than likely to liquidate them itself for a profit later.
Today, Publishers Weekly posted a list of remaining Borders stores saying "even in the best case scenario a large number of outlets will be closed. If the stalking horse $215.1 million offer by the liquidator group is accepted all outlets will be closed and inventory sold...by November 13.
The Flower Sisters
by Michelle Collins Anderson
From the new Fannie Flagg of the Ozarks, a richly-woven story of family, forgiveness, and reinvention.
Be sincere, be brief, be seated
Click Here to find out who said this, as well as discovering other famous literary quotes!
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