Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

Thursday, 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.

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