The Australian Bookseller and Publisher is reporting (via SMH) that KPMG will be circulating the black books to parties interested in acquiring the Australian Borders stores on Thursday. The magazine is reporting that the business unit could be worth over A$200mm and Dymocks may be the leading candidate for acquisition. Angus and Robertson the other leading contender is owned by Pacific Equity Partners which also owns New Zealand retailer Whitcoulls and has stated an intention to form a large retail chain and then float the business on the stock exchange.
ABP also suggested that Australian big box retailers Woolworths and "Big W" may also be interested. Stay tuned.
(ABP is a Bowker property - Hello to all the staff down under).