“We’re Not Dead Yet!” Says Borders
(image courtesy Magnificent Vista) There’s a slight, baby, teeny-tiny glimmer of hope for Borders. Apparently, they’re not quite dead yet. Late breaking news today indicated Borders is making inroads on restructuring their debt, AND they aren’t hiring bankruptcy lawyers. According to Bloomberg news: Borders Group Inc., the second- largest U.S. bookstore chain, surged in after-hours trading on a report that Jefferies & Co. is helping the company restructure its debt. The investment bank is advising the Ann Arbor, Michigan- based chain on reworking its debt load, the Wall Street Journal reported today, citing people familiar with the matter. Borders doesn’t have…