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

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.
Comments (2)
  • Haotian
    , contributor
    Comments (132) | Send Message
     
    I will miss you, Borders. R.I.P.
    18 Jul 2011, 04:43 PM Reply Like
  • Randall Reese
    , contributor
    Comments (35) | Send Message
     
    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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