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Borders Sells Stores in Australia, New Zealand, Singapore

From Shelf Awareness:

Borders Group has sold its stores in Australia, New Zealand and Singapore to A&R Whitcoulls, the major Australian and New Zealand bookseller that is owned by private equity firm Pacific Equity Partners. The deal is valued at US $104 million (about $90 million now and up to $14 million in deferred payments next year) and should close next week.

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