15 Jan 2011 04:09:14
In the meeting Thursday, Borders asked publishers to provide money for a large portion of the company's debt as a loan, the paper said, adding that one publisher said the plan laid out by Borders was not a convincing strategy for turning around the company.
Last week, sources told Reuters that the bookseller has hired FTI Consulting Inc to assist in analyzing its finances and is in talks with GE Capital about new debt that could replace its existing credit line.
Borders was not immediately available for comment.
Last week, sources told Reuters that the bookseller has hired FTI Consulting Inc to assist in analyzing its finances and is in talks with GE Capital about new debt that could replace its existing credit line.
Borders was not immediately available for comment.
