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April 5, 2007
Borders Changes Plans on Sale of Debt
A day after announcing it would sell $250 million of convertible bonds, Borders said it changed its mind, "based on shareholder feedback." Some investors want a merger with Barnes & Noble; there is also talk of a buyout with a private equity firm. Either plan might be derailed by the new issuance of debt. See WSJ, Borders Halts Debt Sale Plan As Its Shareholders Squawk.
April 5, 2007 in News Stories | Permalink
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