Retail News

Borders Can’t Find Buyer, Offers Warrants to Largest Shareholder

Bloomberg News/Los Angeles Times 10/02/2008

The struggling Borders chain has issued 5.15 million warrants to Pershing Capital Management giving the company’s largest shareholder the option of purchasing stock at $7 a share after the book and music retailer failed to find a buyer for its business.

MORE ON THIS STORY...

MORE RETAIL NEWS HEADLINES...

Discussions
Check out RetailWire's Engaging Online Discussions Featuring Our Exclusive Braintrust!