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By Tom Pennington, Getty Images
Former President George W. Bush talks with fans while signing copies of his new memoir "Decision Points" at Borders Books in November in Dallas.
NEW YORK (AP) — Investor and Borders Group shareholder William Ackman on Monday offered to finance a $16-a-share takeover bid by Borders (BGP) for rival bookseller Barnes & Noble (BKS).
Ackman and his Pershing Square Capital Management said in a regulatory filing that they would be willing to fund
Continue reading: Borders Shareholder Offers to Finance Bid for Barnes & Noble
ANN ARBOR, Mich., March 12, 2009 /PRNewswire-FirstCall via COMTEX/ — Borders Group, Inc. (NYSE: BGP) today announced that the company will hold its annual meeting of shareholders Thursday, May 21, 2009 at 11:30 a.m. Eastern at the Ann Arbor Marriott Ypsilanti at Eagle Crest, 1275 S. Huron St., Ypsilanti, Mich. 48197. The record date for determination of shareholders entitled to vote at the meeting is March 24, 2009.
In addition to routine matters and a shareholder
Continue reading: Borders Group Sets 2009 Annual Meeting Date
ANN ARBOR, Mich., Feb. 19, 2009-Borders Group today announced that it has reduced its corporate workforce by another 136 positions, which were eliminated effective today. The majority of the jobs, which represent about 12% of the corporate workforce but less than 1% of the company’s total workforce, are based at the company’s headquarters in Ann Arbor. The workforce reduction was spread across virtually all business areas, including marketing, human resources, field management and corporate sales.
Continue reading: Borders Group Reduces Corporate Workforce by 136
ANN ARBOR, Mich., Feb. 13, 2009 – Borders Group, Inc. (NYSE: BGP) 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
Continue reading: Borders Group and Pershing Square Extend Financing Deadlines to April 15
ANN ARBOR, Mich., Feb. 3, 2009-Borders Group today announced that as part of its effort to drive further expense reductions, the company is consolidating its corporate management structure at the vice president and director levels, eliminating six vice president and 10 director positions. The majority of the affected positions are based at the company’s headquarters in Ann Arbor.
Specifically, Borders Group has eliminated the role of Executive Vice President of U.S. Stores held by Ken Armstrong,
Continue reading: Borders Group Consolidates Corporate Management; Eliminates Several Positions
ANN ARBOR, Mich., Jan. 13, 2009 -Borders Group today announced that Richard “Mick” McGuire, 32, has been appointed non-executive Chairman of the company’s Board of Directors, effective today. He replaces Larry Pollock, 61, who has been non-executive Chairman since July 2006 and has been a Director since August 1995. Pollock will remain on the Board as a Director.
McGuire joined the Board in January 2008 in connection with his role as a partner at Pershing Square
Continue reading: Mick Mcguire Appointed Borders Group Chairman; Mike Archbold Named Lead Director
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Ann Arbor, MI