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Liquidation sales begin at Borders bookstores

The logo for Borders Group Incorporated is shown in this file photo. (Photo courtesy of Borders.com)

July 22, 2011 12:00:00 AM PDT
Going out of business sales could begin Friday at Borders bookstores across the country.

A judge approved the booksellers' plan to appoint liquidators to sell off its assets.

As many as 35 of the stores could be sold to rival chain Books-A-Million, but the companies are still in talks.

Borders filed for bankruptcy protection in February, but announced its plans to liquidate earlier this week after a potential private equity bid fell through.