First-Round Borders Bids Were Called for This Week dealReporter says via the Financial Times that “first-round bids for Borders were due on Monday, 9 June, two people familiar with the process” said. One of those two sources added that “Barnes & Noble is conducting due diligence, but is far from establishing whether it will competitively bid for its largest retailer rival.” They note that “Borders is continuing its strategic review, which a third person familiar claimed had originally received 30 inbound expressions of interest.” Plus, “publishers are unlikely to greet a merger of the two largest retailers in the industry […]
