Borders Group

Borders turnaround, purchase plans in works

Chicago Tribune (Free subscription) | 07/19/2008

Q : Any hope for my shares of Borders Group Inc.?

Borders launches audiobook download service online

SignalBlog (Free subscription) | 07/14/2008

Book retailer Borders Group Inc. launched its audiobook download service on its Web site Monday, making 15,000 audiobooks available. Titles such as “In Cold Blood” by Truman Capote and Toni Morrison’s “Beloved” are among the audiobooks available, and the company said it expected to add hundreds of titles each week. On Monday, more than 5,000 of the [...]

Online Purchaser Lacks Injury-in-Fact Required By Article III

Antitrust Law Blog (Free subscription) | 07/07/2008

The Ninth Circuit recently affirmed the dismissal of the claims of an antitrust plaintiff on the ground that he lacked the injury-in-fact required for Article III standing. Gerlinger v. Amazon.com Inc. and Borders Group, Inc. , 526 F.3d 1253 (9 th Cir. 2008). Plaintiff failed to create an issue of fact in response to defendants’ showing on summary judgment that plaintiff had not paid more for books...

Hedge Fund Manager Calls for Amazon.Com to Acquire Borders

Red Orbit (Free subscription) | 06/16/2008

By JOE BEL BRUNO NEW YORK -- William Ackerman, the billionaire hedge fund manager who is a major stakeholder in Borders Group Inc., said Wednesday the bookseller should consider approaching online retailer Amazon.com Inc. about a possible acquisition.

Amazon Buying Borders? Don’t Bet on It, Says Stifel

Voices - All Things Digital (Free subscription) | 06/14/2008

Earlier this week, the hedge fund manager William Ackman of Pershing Square Capital Management floated the idea that the book retailer Borders Group (BGP) should consider selling itself to Amazon.com (AMZN).

Amazon Buying Borders? Don't Bet on It - Stiffel

Seeking Alpha (Free subscription) | 06/13/2008

Eric Savitz (Barron's) submits: Earlier this week , the hedge fund manager William Ackerman of Pershing Square Capital Management floated the idea that the book retailer Borders Group (BGP) should consider selling itself to Amazon.com (AMZN). That would be certainly be a good thing for Ackerman, since Pershing Square owns about 30% of Borders. He compared the concept of Amazon-owned retailer stores...

An Amazon-Borders Merger ?

Below The Beltway (Free subscription) | 06/13/2008

A major shareholder in Borders is saying the company should approach Amazon.com about a merger: NEW YORK — William Ackerman, the billionaire hedge fund manager who is a major stakeholder in Borders Group Inc., says the bookseller should consider approaching online retailer Amazon.com Inc. about a possible acquisition. The founder of Pershing Square Capital Management said Ann [...]

• Shareholder says Amazon should make a run for Borders - Seattle Post-Intelligencer

Roundup: Amazon, Avvo, Clearwire, Yahoo, etc.

John Cook's Venture Blog (Free subscription) | 06/12/2008

Billionaire hedge fund manager William Ackerman is recommending that Borders Group sell out to Amazon.com, a move that could give the Seattle online retailer a major bricks-and-mortar presence, according to BusinessWeek.

Should Amazon Buy Borders? No. But an Amazon Retail Presence Actually Wouldn't Be Absurd

Silicon Alley Insider (Free subscription) | 06/12/2008

Borders Group (BGP) shareholder Bill Ackman told reporters that he thinks Amazon (AMZN) should buy Borders to jump start a "bricks and clicks" strategy. Ackman is obviously just trying to whip up some enthusiasm-- any enthusiasm--for his also-ran book chain (which recently put itself on the block), but the idea is worth considering. Perhaps surprisingly, we actually don't think a retail strategy for...

Dwight Graves Letter to the Editor: Immigration activist would have us remove Statue of Liberty

The Dustin Inman Society Blog (Free subscription) | 06/10/2008

Rev. Dwight GravesLetter to the Editor: Immigration activist would have us remove Statue of Liberty Marietta Daily Journal Published: 06/10/2008 DEAR EDITOR: Re: D.A. King column, “Coalition just another leftist open-borders group,” MDJ May 29 I understand that border control is important, but is Mr. King suggesting that we should remove the Statue of Liberty and [...]

Borders Group Closes Transaction for Sale of Australia/New Zealand/Singapore Businesses

PR News Wire (Free subscription) | 06/10/2008

ANN ARBOR, Mich., June 10 /PRNewswire-FirstCall/ -- Borders Group, Inc. (NYSE: ) today stated that it has closed on the previously announced transaction to sell its Australia/New Zealand/Singapore businesses to A&R Whitcoulls (ARW), the leading Australasian retailer of books and related products owned by private equity firm Pacific Equity Partners (PEP). (Logo: ) The agreement was described in...

• Borders Group Closes Transaction for Sale of Australia/New Zealand/Singapore Businesses - The Earth Times Online Newspaper

Borders to sell 3 units

Detroit Free Press (Free subscription) | 06/06/2008

Borders Group Inc. said Thursday it had a deal to sell its Australia, New Zealand and Singapore businesses for approximately $104 million. Investors cheered the news, sending Borders shares up 17.5%, or $1.08, to close at $7.25 on the New York Stock Exchange.

Borders to sell 30 stores, including those in S'pore

Business Times Asiaone (Free subscription) | 06/05/2008

(CHICAGO) Bookstore operator Borders Group Inc, which put itself up for sale in March, said yesterday that it has agreed to sell its 30 bookstores in Singapore, Australia and New Zealand to A&R Whitcoulis in a deal valued at up to US$110 million.

Borders finds buyer for Australian businesses

Detroit Free Press (Free subscription) | 06/05/2008

Borders Group, Inc. announced this morning that it has found a buyer for its Australia/New Zealand/Singapore businesses for approximately $104 million.

• Borders selling Aussie, New Zealand biz for $104M - Seattle Post-Intelligencer
• Borders in deal to sell Australia business - The Earth Times Online Newspaper
• See the 4 articles on the same subject

Borders selling Aussie, New Zealand biz for $104M

Examiner (Free subscription) | 06/05/2008

Borders Group Inc. will sell its businesses in Australia, New Zealand and Singapore to fellow book retailer A&R Whitcoulls and private equity firm Pacific Equity Partners for as much as $104 million.