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Borders Group to sell Paperchase Products

Borders Group has closed on the previously announced transaction to sell Paperchase Products to Primary Capital, a UK-based private equity firm, for approximately USD31m.

Headquartered in Ann Arbor, Michigan, Borders Group is a retailer of books as well as other educational and entertainment items.

The company employs approximately 19,500 throughout the US, primarily in its Borders and Waldenbooks stores.

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