Bennet LeBow, Cigarette Executive, Consolidates Control Of Borders

07/09/2010 11:30 am ET | Updated May 25, 2011

The tobacco executive and investor who became CEO of Borders Group Inc. last month is positioning himself to gain more control of the Ann Arbor-based book store chain.

Bennett LeBow is moving to acquire a stock purchase warrant giving him the right to purchase an additional 35.1 million shares of the company's common stock, according to a news release.


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