PEP launches bid for Borders

Tuesday, 25 September 2007 Books+Publishing

Pacific Equity Partners, the private equity owners of Angus & Robertson in Australia and Whitcoull's in New Zealand, has lodged an ‘indicative bid' for the 24 Borders stores in both countries, according to Reuters. Reuters estimates that the deal will be worth more than A$100 million. A ‘source familiar with the situation' told...