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BGP Borders Grp. Common Stock

0.2284
0.00 (0.00%)
14 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Borders Grp. Common Stock NYSE:BGP NYSE Ordinary Share
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.2284 0.00 01:00:00

Borders Files For Bankruptcy Protection With $1.29 Billion Debt-Bloomberg

16/02/2011 12:53pm

Dow Jones News


Borders (NYSE:BGP)
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Borders Group Inc. (BGP) filed for bankruptcy protection in New York Wednesday after various measures it took failed to make up for sagging sales in the face of competition from Amazon.com Inc. (AMZN) and Wal-Mart Stores Inc. (WMT), Bloomberg reported on its website.

Ann Arbor-based Borders reported its last annual profit in 2006. In its filing in U.S. Bankruptcy Court in Manhattan, the company listed debt of $1.29 billion and assets of $1.28 billion.

Full story at http://www.bloomberg.com/news/2011-02-16/borders-book-chain-files-for-bankruptcy-protection-with-1-29-billion-debt.html

-Dow Jones Newswires; 212-416-2900

 
 

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