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Borders faces liquidation after lead bid falls through

Jennifer Guerra

It’s been a busy 24 hours for Ann Arbor-based Borders: The bankrupt bookstore chain has gone from having a potential buyer to talk of liquidation.The…
Borders agrees to sell itself for $215 million

Zoe Clark

Borders has agreed to sell itself to private investment firm Najafi Cos. for $215 million, reports the Associated Press. The agreement, however, is…