Borders to sell calendar business

By Dow Jones Newswires
Posted Jan. 24 at 5:19 p.m.

Borders Group Inc.  has agreed to sell its Day by Day Calendar Co. business to Texas company Calendar Holdings LLC, the Detroit News reported online Monday, citing the Michigan-based book retailer.

Terms weren’t disclosed.

Borders has been negotiating with lenders and publishers to restructure debt and vendor payments. This month, the retailer said it planned to eliminate more than 300 jobs this year.

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