Investors Wary Over Borders and B&N Share Boost
The news of hedge fund manager Bill Ackman’s offer to finance a takeover of book seller Barnes & Noble by Borders Group has resulted in a share boost for both companies, but investors are still cautious over these two fading giants of a dying industry.
Stephen Taub
December 6, 2010
A shopper looks at books on sale at a Borders bookstore in Birmingham, Michigan, Tuesday, Aug. 28, 2007. Borders Group Inc. will release its earnings after market today. Borders Group Inc., the U.S. bookstore chain that put itself up for sale in March, reported a first-quarter loss that narrowed less than analysts estimated as it reduced prices. Photographer: Fabrizio Costantini/Bloomberg News
FABRIZIO COSTANTINI/BLOOMBERG NEWS
