Borders (NYSE:BGP) Offered Lifeline from GE Capital (NYSE:GE), Shares Soar

Filed in Borders, GE Capital, Gold Bullion prices, Gold Prices, o, shares, silver by on January 28, 2011 0 Comments

Shares of Borders (NYSE:BGP) were up 34 percent in after hours trading on news GE Capital (NYSE:GE) will provide a $550 million credit facility for the bookseller, based on several conditions. Borders said the $550 million credit facility will mature in 2014, and trump current credit and term loan facilities. Borders has fought against closing its approximate 500 branded stores, saying they

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