Borders plans to sell UK and Ireland stores
US retailer Borders is looking to sell its UK and Ireland business of 72 stores, with Merrill Lynch assisting and UK CEO David Roche saying business continues as usual.…
Waterstones
15 posts
HMV announce wide-ranging review
HMV shares fell 16% after a profit warning and the launch of a review aiming to save £40 million by 2010 through store closures and cost cuts.…
U2 fans angry at eBay book sale
U2 fans are threatening to boycott eBay after copies of U2 On U2 signed at a Waterstones event appeared on the auction site.…
HMV profits fall 20 per cent
HMV reports a 20% fall in profits and warns trading remains challenging, while merging Waterstones with Ottakers and cutting CD prices by 10%.…
Ottakar's accept new HMV takeover offer
Ottakar's shareholders have accepted HMV's revised £63 million takeover offer, with the book chain to merge with Waterstones.…
HMV's Ottakar's takeover gets formal go ahead
The Competition Commission has formally cleared HMV's takeover of bookseller Ottakar's, saying merging it with Waterstones would not substantially lessen competition.…
Waterstone interested in buying back Waterstones
Tim Waterstone has reportedly made an informal £280 million offer to buy back Waterstones from HMV, dependent on HMV's Ottakers acquisition not going ahead.…
HMV given go-ahead to buy Ottakar's
The Competition Commission has cleared HMV's takeover of bookseller Ottakar's, which will be merged with its Waterstones business despite criticism from independent booksellers.…
HMV knock back takeover offer again
HMV has rejected a revised 210p per share takeover proposal from Permira, saying it still undervalues the group, which owns HMV and Waterstones.…
Permira raises HMV takeover offer to 210 pence a share
Private equity house Permira has raised its proposed takeover offer for HMV to 210 pence per share, valuing the company at £845 million, though HMV has yet to comment.…
HMV knock back takeover offer
HMV's board has rejected a 190 pence per share takeover approach from private equity firm Permira, saying it undervalues the group.…
HMV confirm takeover interest
HMV has confirmed a preliminary approach from a third party that may or may not lead to a takeover offer, after weeks of speculation involving several private equity firms.…