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New York – Bookseller and media retail chain Borders (NYSE:  BGP) has
secured nearly $1 billion as part of a bid to acquire rival Barnes & Noble (NYSE:  BKS),
All Things D reported, citing a filing with the SEC. The potential deal would combine the world’s two largest booksellers.

Borders shareholders are
reportedly prepared to bid as much as $16 per share, which would value Barnes
& Noble at around $912 million, according to InternetRetailer.com.

No
timetable on a potential deal was mentioned in the filing.

 

 

Related Links:
http://tinyurl.com/236tzhw

(All Things D)

http://tinyurl.com/2d4lzxh
(Internet Retailer)

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