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Saturday, February 12, 2011
Borders Bankruptcy 2011 Chapter 11 | Borders Group May File for Bankruptcy as Soon as Next Week
Posted by reank at 6:31 PM
U.S. also plans to close about 200 of its 674 stores and cut thousands of jobs, the newspaper reported on Friday, citing sources it did not name.
The story also says Borders is hearing pitches from Bank of America Corp. and General Electric Co.'s finance arm for $450 million in financing to keep operating under bankruptcy protection.
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