June 2, 2000 |
Buyout firms Bain Capital Inc., Apollo Management and Blackstone Group are considering making separate bids for Borders Group Inc., the No. 2 U.S. book chain, people familiar with the planned sale said. A buyout would value the retailer at about $2 billion, given its market capitalization of $1.13 billion, a premium of as much as 30%, and assumed debt of $425 million, a source said. Borders hired Merrill Lynch & Co. in March for advice on how to boost its stock, which has fallen 70% since 1998.
July 27, 1998 |
Microsoft--it's just not a corporate brand, it's a way of life. After all, the company's logos already are splayed across your computer, automobile and television set. Now, Bill Gates wants to get into your coffee mug. Borders bookstores are selling 12-ounce packages of Windows 98 coffee beans.
April 28, 1998 |
At first glance, the bustling Third Street Promenade in Santa Monica looks like a commercial playground, full of pedestrians, popular stores and jingling cash registers. But it's also become a battleground in the increasingly nasty dispute between America's independent booksellers and the nation's two largest book chains, Barnes & Noble and Borders. Last month, the American Booksellers Assn.
March 19, 1998 |
A group of independent booksellers has sued the Barnes & Noble and Borders mega-chains for allegedly bullying publishers into giving them discounts and special deals in violation of antitrust laws. The American Booksellers Assn. and 26 independent stores, including nine in California, contend the two chains have surreptitiously secured deals with publishers that undercut wholesale prices for the large chains, and that the same deals have not been offered to small retailers.
November 30, 1994 |
Kmart to Revamp Borders, Walden Subsidiaries: Kmart Corp. launched a restructuring of its Borders Inc. and Walden Book Co. units, streamlining the bookstore operations to make them more attractive in a planned public stock sale next year. Under the plan, Kmart will create a new corporate unit, Borders Group Inc., to manage Borders, Waldenbooks and Planet Music Inc. The new company will be based in Borders' current offices in Ann Arbor, Mich., and Walden's Stamford, Conn.