Borders Group Inc., the second- largest U.S. bookstore chain, may file for protection from creditors as soon as next week, according to three people familiar with the matter.
The retailer will likely close at least 150 stores, one person said. The people declined to be identified because the proceedings aren’t public.
Several private equity groups are weighing whether to provide a junior loan to the Ann Arbor, Michigan-based company, one of the people said.
Full story at Bloomberg.
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