Borders on the brink of liquidation

Reuters - Borders Group Inc inched closer to liquidation on Sunday after a bidding deadline passed without offers, the Wall Street Journal said, citing people familiar with the matter.

(Reuters) - Borders Group Inc inched closer to liquidation on Sunday after a bidding deadline passed without offers, the Wall Street Journal said, citing people familiar with the matter.

Borders Group inched closer to liquidation Sunday after a bidding deadline passed without offers that would keep the U.S.'s second-largest bookstore chain in business.

Borders Group inched closer to liquidation Sunday after a bidding deadline passed without offers that would keep the U.S.'s second-largest bookstore chain in business.

Borders Group stood on the brink of liquidation after a recent offer for the bookstore chain from a private-equity investor fell apart late Wednesday.

AFP - Embattled US bookstore chain Borders said Monday it would liquidate after failing t

An influential investor in the Borders bookstore chain is proposing a takeover of rival Barnes and Noble. Potential names for a merged bookstore chain include: Barnes and Borders, Noble Borders, BB&N -- although there's already a private school by that name, says James McQuivey, a media business analyst at Forrester Research. Or a new company could start with a clean page. "Just call it Libro or something very ... friendly," he says.

When Borders was founded four decades ago, two immigrants who would make their fortunes as buyout moguls arrived in the U.S. from the Middle East. Now, the two rivals represent the struggling bookstore chain's best hope of avoiding liquidation.