Borders Will File For Bankruptcy?

According to this morning's Shelf Awareness newsletter and an article posted last night on Bloomberg:
Late yesterday Bloomberg reported that Borders Group plans to file for bankruptcy protection as soon as next week and will likely close at least 150 stores, 'according to three people familiar with the matter.'
According to the Bloomberg article, 
Mary Davis, a Borders spokeswoman, declined to comment and referred to a Jan. 27 statement from Borders President Michael Edwards. He said the company “is doing everything possible” to maintain its relationships with vendors and publishers. While his company has a financing commitment from General Electric Capital Corp., Borders may proceed to an in-court restructuring, Edwards said in the statement.
A further report from Wall Street Journal via Publisher's Lunch states,
...WSJ reports a slightly slower timetable, saying the company is "preparing for a possible bankruptcy-protection filing as soon as the middle of this month, said people familiar with the matter. The struggling bookstore chain is still finalizing certain aspects of its restructuring plans ahead of a potential filing, including financing that would keep it afloat in court and the number of stores it will seek to close, these people said. The Chapter 11 bankruptcy filing could be delayed until closer to the end of February, the people said."
A list of store closings has not been released, although a brief search of the Internet shows these to be some of the 20 stores that have already been quietly closed or are closing:


California:
Santa Barbara: January
LA / Westwood: January
LA / Mid-City: January
Thousand Oaks: January

Georgia:
Atlanta: Brookwood Place: February - announced 1/13/11

Illinois:
Chicago, Michigan Ave: January 

Indiana:
 Bloomington: early 2011 
Kansas:
South Overland Park: January

Mass:
Boston, Chestnut Hill: closed "recently"
Boston, Downtown: within the next two years?

Michigan:
Farmington Hills: January

New Jersey:
West Windsor: January
Marlton/Evesham: January

New York:
Syracuse: Carousel Center: March

Oklahoma:
PennSquare: Waldenbooks

Oregon:
Portland: Downtown: January

Tenn: 
La Vergne Warehouse: July - announced 1/12/11

Wisconsin:
Green Bay? Near Oneida Indian Res: unknown

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