Tuesday, July 19, 2011
Borders Books US Nears Liquidation
Drew Perine, The News Tribune / AP Photo
Read it at The Wall Street Journal
Borders Books may soon be no more: bids were due at 5 p.m. on Sunday for the struggling book-store chain, but the deadline passed without a single offer. The best hope now appears to be a last-minute offer by Books-A-Million over the next 48 hours; otherwise, the company is likely to be sold to liquidators this week, which will put the company out of business. If Borders closes, Barnes & Noble will be the sole national books chain.