The Borders Group financial woes have been well-publicized. Last year, they began restructuring and put their foreign bookstores up for sale.
Early this morning, Publishers Weekly reported that Borders has hired J.P. Morgan Securities and Merrill Lynch to help it "explore strategic alternatives." Borders went further, saying those strategic alternatives might "include the possible sale of the company and/or some of its divisions."
I'll have more later in the day.