A2: Business

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The Wall Street Journal reports that Ann Arbor-based Borders Group is close to filing for Chapter 11 bankruptcy protection, possibly on Monday or Tuesday. Quoting unidentified sources familiar with the matter, the report states that the bookstore chain initially plans to close about 200 of its 674 stores: “Liquidators have been bidding for the right to run the store closures, with an option to close an additional 50 stores or so under similar terms.” [Source]