The Sunday night deadline for bids in the auction for Borders passed with no offers besides the “stalking horse” liquidation bid, as the chain moved one step closer to going out of business entirely as a going concern. Jahm Najafi told Bloomberg News “we will not, reluctantly,” make a revised bid for the bookseller. The ever-upbeat Borders management continued to insist that interest persists, with ceo Mike Edwards indicating to the WSJ “that the retailer had received some inquiries over the weekend.” The paper added late Sunday that Books-a-Million was in discussions “on some kind of potential deal” though there […]
