Two Borders Execs (CIO & General Counsel) Resign

http://www.publishersweekly.com/pw/by-topic/industry-news/bookselling/article/45671-two-borders-execs-resign-b-n-issues-statement-on-special-terms-.html

by patrickgzill • 16 years ago

3 7 16 years ago

publishersweekly.com

patrickgzill2• 16 years ago

I couldn't fit it into the title, but B&N (major Borders Bookstore competitor) issued a statement as well, pointing out that if Borders is offered special terms, those same terms should be available to other bookstores as well.

noahc3• 16 years ago

Does anyone know what it would cost to buy borders or how you would start to evaluate a private equity buyout?

patrickgzill2• 16 years ago

Looks like Bennet LeBow and his group beat you to it ...

noahc3• 16 years ago

I saw the 25 million deal that went through at $2.25 a share which was just below market rates.

Assuming things are worse and you could again get just below market rates would it be unreasonable to assume you could get it at .75 a share or ~54M (72.04 * .75)?

Umalu2• 16 years ago

Equity is worth $80 million (and dropping). A buyer would also have to deal with about $500 million in debt, probably repay it.

Two Borders Execs (CIO & General Counsel) Resign

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