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BGP’s Shares Climb As Q1 Loss Narrows
Thursday, May 27, 2010 - 10:01am | 139Read More...The second largest specialty US bookseller Borders Group Inc (NYSE: BGP) announced a loss of $64.1 million, or $1.07 a share, for its Q1 ended May 1, versus a $86 million, or $1.44 a share loss in the year ago quarter. Excluding discontinued operation, BGP’s loss was $1.08 a share. Borders’...
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LeBow Invests In Borders (BGP)
Friday, May 21, 2010 - 4:48pm | 155Read More...Financier Bennett LeBow has bought 11.1 million shares of Borders Group Inc. (NYSE: BGP) for $25 million. The purchase has made LeBow the biggest shareholder of the company, dethroning Bill Ackman. Ackman, through his firm Pershing Square Capital Management, holds a 17.7% stake in the struggling...
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Vector Group's LeBow To Invest $25 Million In BGP
Friday, May 21, 2010 - 9:57am | 185Read More...The struggling bookseller Borders Group Inc (NYSE: BGP) has been joined by a Vector Group Ltd (NYSE: VGR) controlled entity in the former’s efforts to boost capital levels. VGR’s Chairman Bennett LeBow has agreed to invest $25 million in BGP. 11.1 million BGP shares will be bought at $2.25 each, a...
