Borders May File for Bankruptcy Protection as Early as Next Week : Report
February 02, 2011 at 01:23 AM EST
Borders Group Inc (BGP), the second-largest U.S. book chain, may file for bankruptcy as soon as next week, according to a report from Bloomberg News on Tuesday citing three people familiar with the matter. The report was published just before the market close, at 3:50 p.m., and the effect on BGP’s pps was immediate. Shares [...]