Borders' Liquidation Official; Books-A-Million to Take Up to 35 Stores
By IB Times Staff Reports | July 21, 2011 5:34 PM EDT
Borders is officially liquidated. Now all that remains is closing stores, and trying to work out a deal with Books-A-Million to keep as many as 35 of the book selling chain's store open.
Borders won bankruptcy court approval to liquidate Thursday afternoon, signaling the end for America's second largest bookstore chain. Borders has 399 stores and 10,700 employees. A last-minute offer from Books-A-Million may save 1,000 to 1,500 jobs and keep 30 to 35 stores open.
http://www.ibtimes.com/articles/184703/ ... seller.htm