Wall Street Journal: Another private equity firm emerges as possible acquirer of Borders
Melanie Maxwell | AnnArbor.com
Borders is seeking bids for the company while also getting ready to deliver a reorganization plan that would have to be approved by a New York judge overseeing the firm's Chapter 11 bankruptcy case.
Najafi and Gores Group would each reportedly acquire more than 200 Borders stores in addition to the company's online sales business.
It's unclear how a sale would affect Borders headquarters, where close to 400 workers remain.