Borders, Graycliff, Blackstone and Cyber Monday
December 19, 2011
Borders CEO Recalls the Moment it Was Over | Tamika Cody Executives of the bookstore retail chain, Borders, knew the company was in trouble when the banks pulled back on its reserves by $50 million. GE, its lead lender, also pulled out. The fate of the 40-year-old retailer was in the envelopes of two very different packages, one that would have saved the company and the other was a liquidation bid. A few hours before the court…
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