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Borders Books May Be For Sale

(CN) - Borders Group, the nation's second-largest bookstore chain, said today it has hired JPMorgan and Merrill Lynch to advise it on business strategies, including a possible sale of all or part of the company. Rumors have long circulated on Wall Street that Borders might sell itself to Barnes & Noble, the country's largest chain, a move that surely would draw attention of antitrust regulators.

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