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Borders may go bankrupt next week
We all knew it was coming some day and now it could be as early as next week. Make sure you have redeemed your gift cards!
Borders Group Inc., the second- largest U.S. bookstore chain, may file for protection from creditors as soon as next week, according to three people familiar with the matter.
The retailer will likely close at least 150 stores, one person said. The people declined to be identified because the proceedings aren’t public.
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