borders group

Borders Group Holdings to be Acquired by Direct Brands for $215.1M

Published on Fri, 07/01/2011 - 07:53
By FNNO Staff in General Interest, borders group, business, direct brands, finance, investing, market, news, stock, trading, News Update

Under the terms of the agreement and subject to further due diligence, Direct Brands would purchase substantially all of the company's assets for $215.1M plus the assumption of approximately $220M of liabilities.

borders group, business, direct brands, finance, investing, market, news, stock, trading

Borders Group (PINK:BGPIQ) announced that it has entered into an asset purchase agreement with Direct Brands, a portfolio company of Najafi Companies, and intends to move ahead with submitting the agreement to the Court to serve a

By FNNO Staff
fnnonline@gmail.com

What's In The News: February 17th, 2011

analysis, apple, borders group, business, daimler, diageo, eads, finance, fortune brands, ge capital, honda, news, stock, trading, whats in the news

This is what's in the news for Thursday, February 17th.

By Peter Chu
pchu@fnno.com

Consumer Sector Update: February 16, 2011

Published on Wed, 02/16/2011 - 15:35
By FNNO Staff in General Interest, analysis, bgp, borders group, business, financial, market, news, stock, trading, Consumer Sector Report
analysis, bgp, borders group, business, financial, market, news, stock, trading

Consumer shares are mixed at mid-day as Borders Group (BGP) submits a long-awaited Chapter 11 bankruptcy protection filing. Shares of the company have been suspended following the filing. Borders, which will continue operating, ha

By FNNO Staff
fnnonline@gmail.com

Trade Halt: Borders Group Shares Suspended Following Bankrup

Published on Wed, 02/16/2011 - 15:14
By FNNO Staff in analysis, bankruptcy, bgp, borders group, business, financial, market, news, stock, trading
borders group, bgp, bankruptcy, financial, news, business, stock, trading, market, analysis

By FNNO Staff
fnnonline@gmail.com

Borders Group Sacked on Chapter 11 Filing - Down 24%

Published on Wed, 02/16/2011 - 12:53
By FNNO Staff in General Interest, analysis, bgp, borders group, business, financial, market, news, stock, trading, News Update

Operating under Chapter 11, Borders has received commitments for $505 million in Debtor-in-Possession (DIP) financing led by GE Capital, Restructuring Finance. This financing should enable Borders to meet its obligations going for

Borders shares are down 23.4% to $0.228.

analysis, bgp, borders group, business, financial, market, news, stock, trading

Shares of Borders Group (BGP) are sharply lower after the troubled bookseller filed a petition for reorganization relief under Chapter 11 of the Bankruptcy Code.

By FNNO Staff
fnnonline@gmail.com

Borders Group Files for Chapter 11, 30% of Stores to Close Within Weeks

Published on Wed, 02/16/2011 - 09:06
By FNNO Staff in General Interest, analysis, bankruptcy, bgp, borders group, business, financial, market, news, stock, trading, News Update

Borders has received commitments for $505 million in debtor-in-possession (DIP) financing. The company said that it is serving customers in the normal course and expects to continue payroll and benefits for its employees.

analysis, bankruptcy, bgp, borders group, business, financial, market, news, stock, trading

Borders Group (NYSE:BGP) announced that it has filed for Chapter 11 bankruptcy protection and stated that this will allow the company with the best route to reorganize and reposition for the long term.

By FNNO Staff
fnnonline@gmail.com

Sector Update: Consumer - January 31, 2011

Published on Mon, 01/31/2011 - 15:55
By Stephanie Shyu in General Interest, BGP, dri, GCI, bgp, borders group, business, consumer, darden restaurants, dri, gannett, gci, higher, income, investment, market, news, sector, shares, stocks, trade, update
bgp, borders group, business, consumer, darden restaurants, dri, gannett, gci, higher, income, investment, market, news, sector, shares, stocks, trade, update

Consumer shares are mixed in mid-session trading as Borders Group (BGP) sees another massive price swing after the bookstore chain delays payments to vendors, landlords and others. Borders Group hopes that the delay in making paym

By Stephanie Shyu
sshyu@fnno.com

Borders Group Down 13.7% After Delaying January Payments to Vendors, Others

Published on Mon, 01/31/2011 - 12:49
By Stephanie Shyu in News corner, BGP, bgp, borders group, delay payment, lower, market, news, shares, stock, trade, update

The company said it hopes that the delay will help to continue in operation while it seeks to complete a refinancing or restructuring of its existing credit facilities and other obligations.

The company has received a conditional commitment from GE Capital, Restructuring Finance for a $550 million senior secured credit facility.

Borders Group shares are down 13.7%, or $0.117, to $0.73.

bgp, borders group, delay payment, lower, market, news, shares, stock, trade, update

Shares of Borders Group (BGP) are sharply lower after the bookstore chain announced it will delay payments to certain parties, such as vendors, landlords and others, scheduled for the end of January.

By Stephanie Shyu
sshyu@fnno.com

Borders Group Gets $550 Mln Refinancing Commitment from GE Capital

Published on Fri, 01/28/2011 - 09:18
By Stephanie Shyu in News corner, BGP, bgp, borders group, ge capital, market, news, shares, stock, trade, update
bgp, borders group, ge capital, market, news, shares, stock, trade, update

Borders Group (BGP) announced that it has received a commitment from GE Capital, Restructuring Finance to provide a $550 million senior secured credit facility that, upon completion, including the obtaining of $125 million of addi

By Stephanie Shyu
sshyu@fnno.com

Consumer Sector Update: January 14th, 2011

Published on Fri, 01/14/2011 - 14:44
By FNNO Staff in General Interest, BGP, CSTR, analysis, bgp, borders group, business, coinstar, cstr, financial, market, news, stock, trading
analysis, bgp, borders group, business, coinstar, cstr, financial, market, news, stock, trading

Consumer shares are mostly higher in mid-session trading as Borders Group (BGP) remains up more than 20% in an unlikely turn of events for the bookseller. the New York Times reports the company may be close to securing refinancing

By FNNO Staff
fnnonline@gmail.com

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