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Article: Borders Group Acquires Majority Interest in Paperchase Products Limited.
- Article from:
- Business Wire
- Article date:
- July 13, 2004
CopyrightCOPYRIGHT 2004 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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ANN ARBOR, Mich. -- Borders Group, Inc. (NYSE:BGP) today announced it has increased the company's 15% equity stake in Paperchase Products Limited to 97%, making Borders Group the principal owner of Paperchase, a leading stationery retailer in the United Kingdom (U.K.). Borders Group has acquired all of the shares held by majority shareholder Graphite Capital, the leading U.K. mid-market private equity specialist, as well as a majority of the shares held by Paperchase management, who will retain minority ownership. The agreement values Paperchase at GBP 18.6 million (approximately $34.1 million), including the assumption of GBP 2.3 million (approximately $4.1 million) of ...
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Article: Borders Group acquires British stationer
AP Worldstream;
July 13, 2004 ;
272 words
... ... Michigan Bookstore company Borders Group Inc. has acquired a majority ... previous majority shareholder, Graphite Capital, and a majority of shares held ... 14 cents at $23.04. ___ Borders Group Inc.: http://www.bordersgroupinc ...
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