Article: Borders Group Announces Discussions with Respect to The Sale of the Company Have Been Terminated.

ANN ARBOR, Mich., July 6 /PRNewswire/ --

Borders Group, Inc. (NYSE: BGP) today announced that discussions with respect to a potential acquisition of the company have terminated.

On March 3, 2000, Borders announced it would explore strategic alternatives to increase shareholder value, including the sale of the company. The company will continue to explore other alternatives, including share repurchases.

Gregory P. Josefowicz, president and chief executive officer of Borders Group, said, "We believe Borders is undervalued in the market and we are focused on changing that. As we explore our other strategic alternatives, we will continue to ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!