Seeking Alpha

A group controlled by Vector Group chairman Bennett LeBow agrees to invest $25M in Borders (BGP...

A group controlled by Vector Group chairman Bennett LeBow agrees to invest $25M in Borders (BGP +1.8%) through a private purchase of 11.1M shares at $2.25/share, making LeBow the chain's largest shareholder. The bookselling business is changing rapidly, and players such as Barnes & Noble (BKS +4.1%) are attempting to shift business models to catch up.
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