Friday, March 21, 2008

How much for just some shelves?

Who wants to buy a whole chain of bookstores?

"Borders, the nation's second-largest bookseller, said Thursday it may put itself up for sale and that it has lined up $42.5 million in financing to help the chain continue operations.
Shares tumbled more than 29 percent, or $2.07, to $5.03 in volatile trading at midday."

If Borders does retrench, that's pretty scary for American booksellers; but if some plucky independents were to seize the day, that would be better all around.
This could get interesting.

Posted by Dave

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