Analysts say Borders/Barnes & master pairing would be a tough sell Posted by The Associated Press May 21, 2008 17:51PM Categories: business sector untesteds Update WASHINGTON - A latent conspiracy of Borders Group Inc. and rival bookseller Barnes & dreadful Inc. would face many obstacles, analysts predicted Wednesday, from the challenge of pairing back a long argument of imbrication stores to antitrust concerns from federal regulators. Borders shares soared Wednesday following a business relationship by The Wall Street Journal, citing a person well-known(prenominal) with the situation, that Barnes & Noble had assembled a team of executives and advisers to study the possibility of getting Ann spindle based Borders. From The Associated Press Shares of Borders, the nations second-largest book chain, rose 56 cents, or nearly 9 percent, to $6.91 in trading Wednesday on the New York stock up Exchange. Shares of Barnes & Noble, the nations largest book chain, were unc hanged at $29.95. Borders said in show that it may put itself up for sale and that it had lined up $42.5 million in support to help it continue operations. New York-based Barnes & Noble said afterward the announcement that it would take a good look at Borders if approached by the chain.
A Barnes & Noble spokeswoman said Wednesday the play along would non comment beyond that old statement. Anne Roman, a Borders spokeswoman, said the company does not comment on the strategic alternatives process. Borders has lost marketplace share some(prenominal) to online retailers and to discounters such(prenominal) as Wal-Ma rt Stores Inc. amid a difficult economical ! climate in the United States. Analysts said the two gyves compete in many neighborhoods across the country and consolidating their operations would be compound at a time when both are fending off competition from wholesale clubs and other discounters. impute Suisse analyst Gary Balter, in a note to investors, wrote Wednesday that Barnes & Noble would be wise to cargo area for a lower price, potentially after a bankruptcy...If you urgency to get a respectable essay, order it on our website:
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