Paper Reports on Borders and Paperchase The Telegraph “reports” that Borders has appointed JPMorgan Cazenove to “conduct a strategic review of Paperchase,” their UK-based stationery chain, with the expectation of a sale. It’s not clear, though, if the paper is sharing any actual news. (Earlier this month the NYT “reported” that Morgan Stanley was handling the sale of Direct Group North America, without realizing that news was first noted in mid-March.…) Both Morgan and Merrill Lynch were named as Borders’ bankers in March. Borders spokesperson Anne Roman notes that “when we publicly announced that the company was exploring strategic alternatives, […]
