The good news: There’s a sale at Borders!
The bad news: The sale just might be Borders itself. Oh noes!
Publishers Weekly is reporting that Borders is considering selling the company and/or certain divisions.
From the Borders press release:
Borders Group, Inc. today announced the launch of a strategic alternative review process. J.P. Morgan Securities Inc. and Merrill Lynch & Co. have been retained as the company’s financial advisors to assist the company as it explores strategic alternatives. The review process will include the investigation of a wide range of alternatives including the sale of the company and/or certain divisions for the purpose of maximizing shareholder value. The company can give no assurances that a transaction of any kind will occur.
Following Jeff Vandermeer’s cue, let’s buy it ourselves! They got tons of shelf space and I’m out of room.