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Pacific Equity opening the books on Borders.
- Article from:
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Australasian Business Intelligence
- Article date:
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April 30, 2007
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Copyright informationCOPYRIGHT 2007 News provided by Comtex. 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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Byline: Danny John
Apr 30, 2007 (The Age - ABIX via COMTEX) -- Private equity firm, Pacific Equity Partners, is considering the purchase of Australian book retailer, Borders. The chain is being sold by it US parent. Pacific Equity Partners already owns Angus & Robertson in Australia and Whitcoulls in New Zealand. It has just acquired the Supanews newsagency chain and could float the whole group. Borders Australia's management also hopes to make a bid for the company, probably with a private equity group.
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