04/06/2011 02:05 pm ET Updated Jun 06, 2011

Borders Books Finally Has Plan To Show Creditors, Publishers

Borders Group Inc. plans to tell publishers and landlords Wednesday it has achieved major cost savings, including more than $30 million in rent reductions, and that it will move out of its Ann Arbor, Mich., headquarters for cheaper office space in the greater Detroit metro area, said people familiar with the matter.

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