Borders to go into Chapter 11 no comments
The WSJ is reporting that Borders will likely file for Chapter 11 as soon as Monday or Tuesday. The company has reportedly given up on its attempts to get refinancing for its debts, but may be close to obtaining debtor-in-possession financing.
Borders stock lost almost half of its remaining value today and ended at $0.25 per share. If you have any Borders gift cards or store credits you might want to use them this weekend.
