Bids `on the table' for Waterstone's

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Initial bids to buy Waterstone's are thought to be on the table, with rumours rife that a planned flotation of its parent company HMV Media Group has been scrapped.</p><p>
Chairman Tim Waterstone is believed to have raised between &pound;300m and &pound;350m to fund a bid (The Bookseller, 10th December 1999) to buy back the chain he founded.</p><p>
Borders has been mooted as a possible contender. It has plans to expand its chain of bookshops in the UK, but Philip Downer, Borders managing director, said he was not aware of an acquisition strategy. "We are focused on developing our own st...

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