Thursday, April 5, 2007
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.