Shares of Borders (BGP -0.8%) jumped 38% yesterday after major shareholder William Ackman said...

|By:, SA News Editor

Shares of Borders (BGP -0.8%) jumped 38% yesterday after major shareholder William Ackman said bankruptcy was only a remote possibility and that the firm could even be part of an industry consolidation. No word from Barnes & Noble (BKS) (yet?) about a possible tie-up, and shares are slowly coming back down premarket.