Borders ‘Hopes to Exit Bankruptcy by End of Summer,’ WSJ Says

Borders Group Inc. hopes to exit bankruptcy by August or September by starting early on its plan to identify 200 of its superstores for closure, the Wall Street Journal reported, citing an interview with President Mike Edwards.

The bookseller is looking at closing an extra 75 stores and wants to present a business plan to creditors, including publishers, by early April; the final number of extra story closures may depend on talks with landlords, Edwards told the newspaper.

To contact the editor responsible for this story: Chris Peterson at cpeterson@bloomberg.net

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