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Borders Group agrees to Najafi US$215 mil. 'stalking horse' bid

Fri, 07/01/2011 - 3:03pm — admin
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NEW YORK -- Borders Group Inc. said late Thursday it agreed to sell itself to private investment firm Najafi Cos. for US$215 million and is seeking court approval for the agreement. Najafi Cos., which owns the Book-of-the-Month Club, will also assume ...

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