Borders Group, Inc. needed to reach a deal with private-equity investor Jahm Najafi in order to survive. The talks fell through last week. Borders will liquidate and be completely out of business by the end of September.

[The Wall Street Journal]

*posted by Dave Patel*

(credit: Jupiter Images)

Comments

Leave a Reply

Please log in using one of these methods to post your comment:

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.