Friday, November 16, 2007

Borders Australia

Speculation that the Borders Australian and New Zealand stores have been sold to Pacific Equity Partners are surfacing from a rather unique source. The India Times is reporting that industrial and services behemoth Tata Industries participated in the last round of bids for the Borders unit and also suggests the price agreed for the store operations will top A$125mm. There is speculation that PEP will also get the Singapore store and may have ascribed more deal value to the Borders brand which they may seek to extend into SE Asia. More details will follow.


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