Borders Sale Deadline Approaches
-- Publishers Weekly, 9/26/2008 7:13:00 AM
In a story in today’s Wall Street Journal, the paper reports that if Borders does not announce a deal to sell the company by the end of the month, the chain must grant Pershing Square Capital 5.15 million warrants to purchase additional shares in the company, a move which will give the hedge fund an even greater stake in the chain.
