Borders agrees to sell itself for $215 million

SymbolPriceChangeBKS16.58-0.02{“s” : “bks”,”k” : “a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00″,”o” : “”,”j” : “”}

Borders Group Inc. said late Thursday it agreed to sell itself to private investment firm Najafi Cos. for $215 million and is seeking court approval for the agreement.

Najafi Cos., which owns the Book-of-the-Month Club, will also assume $220 million in debt.

The

Read More from the Article Source: http://us.rd.yahoo.com/finance/news/rss/story/*http%3A//us.rd.yahoo.com/finance/finhome/topstories/apf/*http%3A//biz.yahoo.com/ap/110630/borders_acquisition_bid.html