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 delays year-end results
- Borders US: no transaction to date
- Ackerman: Amazon should buy Borders
- Borders US finalises Pershing financing
- LP opens first 'concept store'
Book news from the BBC
- Regulators eye Google book deal
- Top police officer's book blocked
- Self help Victorian style
- 'Why I created Islamic super heroes'
- US judge bans 'Rye' book sequel
Latest Comments
- It is a bit much to refer to an essayist such as de Botton as a "philosopher".
- Some Black Lace books are stunning in their intellectual exploration of...
- I suppose this is the attitude among most high street managers when it...
- I suppose this is the attitude among most high street managers when it...
- I am presenting a new science fiction writer Romualdas Draksas. His new...
RSS
Subscriber Content