It doesn’t look good. Borders Group Inc.’s creditors rejected today a sale of the bookseller to a private equity firm, paving the way for a possible liquidation of the chain. Ann Arbor-based Borders ...

Borders Group, the nation's second-largest bookstore chain, which once operated more than 1,000 stores, appears headed for liquidation after a judge Thursday approved its motion to auction itself off ...

NEW YORK (AP) — A bankruptcy judge on Thursday approved Borders Group's plan to sell off its assets via a group of liquidators in what could be the final nail in the coffin for the 40-year-old chain.

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