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Jane Litte is the founder of Dear Author, a lawyer, and a lover of pencil skirts. She spends her downtime reading romances and writing about them. Her TBR pile is much larger than the one shown in the picture and not as pretty. You can reach Jane by email at jane @ dearauthor dot com

6 Comments

  1. Angelle
    Apr 08, 2008 @ 09:03:23

    Jane,

    What don’t you understand? :)

    The deal seems fairly straight forward. Lower interest rate and so on. I do think that the deal looks much better this time.

  2. Jane
    Apr 08, 2008 @ 09:05:07

    LOL. I’m pretty sure I don’t understand the warrants and so forth. Are those options to purchase common stock?

  3. jmc
    Apr 08, 2008 @ 09:40:23

    Options are usually for employees, and warrants are for the public. Often they are with respect to preferred rather than common stock. And they can be publicly traded if the shares are listed on an exchange.

  4. Shiloh Walker
    Apr 08, 2008 @ 13:10:25

    This is good news~I love Borders.

  5. Charlene Teglia
    Apr 08, 2008 @ 17:44:08

    Oh, yay! I was hoping their reinvention with the new concept stores would help them stay afloat. This is good news, I love Borders.

  6. Stacia Kane
    Apr 08, 2008 @ 17:47:25

    Excellent news! This is great to hear. Thanks for passing it on.

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