Borders Doesn’t Get Much for UK Stores Borders agreed to sell their stores in the UK and Ireland to private equity group Risk Capital Partners’ new subsidiary Bookshop Acquisitions for a paltry 10 million pounds in cash. There is another 10 million pounds of “deferred cash consideration, contingent on the future performance of the business” on the table, and Borders will keep a stake of approximately 17 percent in the new company. They told investors they will take an after-tax loss of “approximately $115 million with minimal tax benefit” in their third quarter. Current Borders UK top executive David Roche […]
