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Borders (BGPIQ.PK -32.9%) says it's liquidating, scrapping an auction plan, and will close its...

  • Monday, July 18, 2011, 4:38 PM ET
    Borders (BGPIQ.PK -32.9%) says it's liquidating, scrapping an auction plan, and will close its 399 bookstores. Liquidation is expected to begin for some stores and facilities as soon as Friday. 10,700 Borders employees lose, while Amazon (AMZN) and Barnes & Noble (BKS) win.
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This news story has 2 comments:

  •  
    I will miss you, Borders. R.I.P.
    18 Jul 2011, 04:43 PM Reply Like
  •  
    Books-A-Million *may* have submitted an offer to acquire approx. 30 Borders stores: blog.ch11cases.com/201...
    18 Jul 2011, 07:20 PM Reply Like
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