News
Borders US closes Australasia deal
11.06.08 Anna Richardson
Borders Group in the US has closed the previously announced sale of its Australia, New Zealand and Singapore businesses to A & R Whitcoulls, a leading Australasian retailer of books and related products owned by private equity firm Pacific Equity Partners.
Through the deal, which was first announced on 5th June, Borders has received approximately $90m. Additional deferred payments of up to $14m will be paid to Borders Group around 31st March 2009 if certain performance targets are achieved.
See Also
Related
- Borders US: no transaction to date
- Borders US delays year-end results
- LP opens first 'concept store'
- Borders US offers tie-in series
- Borders US stock rallies
Book news from the BBC
- The rise of ‘before you die-ism’
- Bodyguard apologises to Rushdie
- Connery launches book at festival
- New set of Blyton books planned
- New winners for oldest book prize
Latest Comments
- Ye gods...what next....really this is clasping at straws...why not go the...
- I hear that Mr Bright's opinions are now identical to those of his new...
- I love twilight and found a great twilight site http://www.twilightfreak.com
- Everybody knows that Richard and Judy Books are payed by editors, authors,...
- I have two daughters ages 11 and 15 who have always differed in their...
RSS
Subscriber Content