Denver Post – William Ackman has never been shy about swooping into situations others would shy away from. But on Monday, his hedge fund proposed one of its boldest offers, homing in on the besieged bookselling industry.
His firm, Pershing Square Capital Management, disclosed in a regulatory filing Monday that it would be willing to finance a $960 million merger of Borders Group, the struggling bookseller in which it owns a 37 percent stake, and its larger rival, Barnes & Noble.
Read more:Hedge fund zeros in on booksellers’ troubles. – The Denver Posthttp://www.denverpost.com/business/ci_16802524#ixzz17WeInu5d
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