Borders (BGPIQ.PK) has chosen Direct Brands, which owns Book of the Month Club, as the opening...

|About: Borders Group, Inc. (BGPIQ)|By:, SA News Editor

Borders (BGPIQ.PK) has chosen Direct Brands, which owns Book of the Month Club, as the opening bidder in an upcoming bankruptcy auction after it made a $215.1M offer. However, Borders could be forced to accept a bid from liquidators if they provide a better deal for creditors.