Description: Borders Group Inc. is in the final stages of preparing a bankruptcy filing after failing to persuade publishers and others to go along with a plan to refinance the troubled bookstore chain’s debt.

Source: Marketwatch.com

Date: 02/12/2011

Link: http://online.wsj.com/article/SB10001424052748704329104576138353865644420.html?mod=MKTW

Questions for discussion: 

• What is Borders’ value today?
• Make the case for a merger with another firm as opposed to a restructuring of the company’s debt.
• Who would make a good partner for Borders?