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Borders to Buy Barnes and Noble?

Hedge fund offers to broker deal.

cheats/2010/12/07/borders-to-buy-barnes-and-noble/borders_tf8bg5

Lisa Poole / AP Photo

Borders may buy Barnes and Noble—although, tellingly, the news was overshadowed by the opening of Google’s online bookstore Monday. A major shareholder at Borders is proposing to help finance a takeover of its much larger rival, Barnes and Noble. Merging into a giant bookseller would help the companies save money through economies of scale. The shareholder is offering to finance a bid at $16 a share.

Read it at The Wall Street Journal

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