Borders Group reevaluates issuing convertible notes

BookBrowse News - The Full Story

Borders Group reevaluates issuing convertible notes

Apr 05 2007

Borders Group owners of Borders and Walden bookstores is "reevaluating" the $250 million of convertible senior notes it was planning to issue today in order to pay off other debts. The turnaround is due to "shareholder feedback." David Dreman, whose Dreman Value Management LLC is the company's largest shareholder, said he didn't contact Borders about the notes but that he is aware of shareholder opposition from those that own big blocks of shares, because they think this would "possibly hurt their ability to open the room for an eventual buyout.''

More News Stories

Editor's Choice

  • Book Jacket: And The Ocean Was Our Sky
    And The Ocean Was Our Sky
    by Patrick Ness
    Patrick Ness has developed a reputation for experimental literature executed well, and his latest, ...
  • Book Jacket: Let It Bang
    Let It Bang
    by RJ Young
    Every interracial love story is an exercise in complications. R.J. Young and Lizzie Stafford's ...
  • Book Jacket: A Spark of Light
    A Spark of Light
    by Jodi Picoult
    The central premise of A Spark of Light involves a gunman holding hostages within the confines of a ...
  • Book Jacket: An Absolutely Remarkable Thing
    An Absolutely Remarkable Thing
    by Hank Green
    As one half of the extremely popular YouTube duo "Vlogbrothers" (the other half being his brother ...

Book Discussion
Book Jacket
Unsheltered
by Barbara Kingsolver

A timely novel that explores the human capacity for resiliency and compassion.

About the book
Join the discussion!

Readers Recommend

  • Book Jacket

    Paris Echo
    by Sebastian Faulks

    A story of resistance, complicity, and an unlikely, transformative friendship.
    Reader Reviews

  • Book Jacket

    The Kinship of Secrets
    by Eugenia Kim

    Two sisters grow up bound by family but separated by war; inspired by a true story.
    Reader Reviews

Win this book!
Win Severance

Severance by Ling Ma

An offbeat, wryly funny, apocalyptic satire that is featured on more than twenty 2018 "Must Read" lists!

Enter

Word Play

Solve this clue:

I Ain't O U T F L S

and be entered to win..

Books that     
entertain,
     engage

 & enlighten

Visitors can view some of BookBrowse for free. Full access is for members only.

Join Today!

Your guide toexceptional          books

BookBrowse seeks out and recommends books that we believe to be best in class. Books that will whisk you to faraway places and times, that will expand your mind and challenge you -- the kinds of books you just can't wait to tell your friends about.