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.
timetable on a potential deal was mentioned in the filing.
(All Things D)