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Borders book stores might go up for sale
Published Friday, March 21, 2008
DETROIT (AP) - Borders could become the latest victim of the credit squeeze, announcing yesterday that it might put itself up for sale. Rival Barnes & Noble, meanwhile, saw fourth-quarter profits drop 9 percent as the industry struggles with intense competition from discounters. Shares in Borders tumbled more than 39 percent as the nation’s second-largest bookseller said it was considering options including the sale of the company or certain divisions. It also said that it had lined up $42.5 million in financing to help it keep running through the year. Copyright 2008 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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Copyright © 2008 The Columbia Daily Tribune. All Rights Reserved.
The Columbia Daily Tribune
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