Thursday, April 07, 2011

Borders Restructuring Plan Is Said to Meet Skepticism - NYTimes.com

In other B-company bankruptcy news, Blockbuster was acquired by Dish Network Corp. in a bankruptcy auction for $320M

Borders presented a restructuring plan to its creditors on Wednesday that promised publishers and landlords a sleeker, more efficient company poised to emerge successfully from bankruptcy through increased online sales and revamped stores.

But publishers characterized the plan as unrealistic and said they were more convinced than ever that Borders would be forced to sell itself or liquidate.

Borders Restructuring Plan Is Said to Meet Skepticism - NYTimes.com

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