Bill Ackman, uber hedge fund manager, lost $125 million on Borders. Sounds like his plan was to fund a Borders + B&N merger.
So I suspect Borders tanked because Bill Ackman or some other hedge fund wanted it to tank to get out, cut loses, or some other behind the scences financing deal they had in mind such as sell off the commercial real estate "closed borders stores"
Wonder how many of the Borders stores now become B&N stores? You never know.
So I suspect Borders tanked because Bill Ackman or some other hedge fund wanted it to tank to get out, cut loses, or some other behind the scences financing deal they had in mind such as sell off the commercial real estate "closed borders stores"
Wonder how many of the Borders stores now become B&N stores? You never know.