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Facing a liquidity crisis--unable to borrow in today's nervous and restricted credit markets, with a plunging stock that valued the entire company at about $400 million yesterday (and far less in today's markets)--Borders has gone to the loan shark and is considering a "wide range of alternatives including the sale of the company and/or certain divisions."
If you have the stomach for it, read more here, and here.
--tps
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