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Article: Borders Group and Pershing Square Further Extend Financing Agreement Deadlines to April 15.
- Article from:
- PR Newswire
- Article date:
- February 13, 2009
CopyrightCOPYRIGHT 2009 PR Newswire Association LLC. 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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Q4/Full Year 2008 Results for Borders Group to be Issued March 31 after Market Close with Conference Call for Investors at 8 a.m. April 1
ANN ARBOR, Mich., Feb. 13 /PRNewswire-FirstCall/ -- Borders Group, Inc. and Pershing Square Capital Management, L.P. on behalf of its affiliates today announced that they will further extend the expiration date of Borders Group's option to "put" its U.K.-based Paperchase gifts and stationery business to Pershing Square for $65 million, subject to certain conditions. The "put" option was originally due to expire Jan. 15, 2009, but was extended until Feb. 16, 2009, and is now further extended until April 15, 2009. At the same ...