BOOKS
04/07/2011 06:39 am ET | Updated Jun 07, 2011

Borders Bankruptcy Restructuring Plan: Publishers Are Skeptical

Borders presented a restructuring plan to its creditors on Wednesday that promised publishers and landlords a sleeker, more efficient company poised to emerge successfully from bankruptcy through increased online sales and revamped stores.
But publishers characterized the plan as unrealistic and said they were more convinced than ever that Borders would be forced to sell itself or liquidate.

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