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

Bennet LeBow, Cigarette Executive, Consolidates Control Of Borders

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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