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16/02/2011 Borders bookstore Files for Bankruptcy

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Borders Bookstores Files for Bankruptcy

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The Buzz: Borders closing

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Border bankruptcy

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Borders bankrupt. Are books next?

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BORDERS BOOKSTORE

Borders applied for Chapter 11 bankruptcy protection and began liquidating 226 of its stores in the United States. Despite a purchase offer from the private-equity firm Najafi Companies, Borders was not able to find a buyer acceptable to its creditors before its July bidding deadline, so began liquidating its remaining 399 retail outlets, with the last remaining stores closing their doors in September.
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