Share 'Borders Bankrupt, to Close One-third of Stores'
By Joseph Checkler and Eric Morath Of DOW JONES DAILY BANKRUPTCY REVIEW
Borders Group Inc. (BGP) filed for Chapter 11 protection Wednesday morning and announced that it would close about 30% of it stores nationwide in the coming weeks.
The struggling operator of the Borders and Waldenbooks chains sought protection from its creditors in the U.S. Bankruptcy Court in Manhattan a month afte…
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