BORDERS TO BECOME PART OF WHITCOULLS?

This story in today's NZ Herald reports that PEP (owners of Whitcoulls and Angus & Robertson) has expressed interest in buying Borders in Australia and New Zealand.

In a separate story the Herald report that "Book chain A&R Whitcoulls said yesterday that its half year profit fell 61% to A$9.14 million. Trading revenue fell 1% to A$226.3m for the 6 months ending March 31. "