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.

Subscribe to Closing Arguments

Sign up for new weekly newsletter Closing Arguments to get the latest about ongoing trials, major litigation and hot cases and rulings in courthouses around the U.S. and the world.

Email *

Submit