Borders Wants UK Deal By Autumn

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By Carmen Comment

Borders is believed to be keen to clarify the future of its UK and Ireland business before the main autumn selling season begins, according to the Bookseller’s Graeme Neill. The summer lull has seen suitors scrutinise the finances of the company, with W H Smith gaining increasing currency as a potential buyer if the price drops below 25m pounds. “I can’t see it operating as a standalone business,” said influential City analyst Richard Ratner from Seymour Pierce. “WH Smith will only take them over for a decent price—and they will strip out the underperforming stores to cut costs.”

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