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 Funeral Cryer by Wenyan Lu
Debut novelist Wenyan Lu brings us this witty yet profound story about one woman's midlife reawakening in contemporary rural China.
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