ANN ARBOR, Mich., April 21 /PRNewswire-FirstCall/ -- Borders Group, Inc. announced today that it will hold its annual meeting of shareholders Thursday, May 22, 2008 at 11:30 a.m. Eastern at The Ritz-Carlton, 300 Town Center Drive, Dearborn, Mich. 48126. The record date for determination of shareholders entitled to vote at the meeting is March 25, 2008.
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Details of the business to be conducted at the annual meeting are included in the company's Notice of Annual Meeting and Proxy Statement, which has been filed with the Securities and Exchange Commission and is being mailed to the company's shareholders on or about April 25, 2008. The Notice of Annual Meeting and Proxy Statement and can also be accessed through the "Investor" section of the company's corporate Web site at http://www.bordersgroupinc.com/ under "SEC Filings." In addition to standard matters, such as election of directors, ratification of the selection of the company's public accounting firm, and a shareholder proposal, shareholders will also vote on a proposal to approve the issuance of shares of the company's common stock upon the exercise of warrants granted in connection with a financing agreement with Pershing Square Capital Management, L.P. The agreement was completed by the company in April and filed on form 8-K with the Securities and Exchange Commission on April 11, 2008.
About Borders Group
Headquartered in Ann Arbor, Mich., Borders Group, Inc. is a $3.8 billion retailer of books, music and movies with more than 1,100 stores and over 30,000 employees worldwide. More information on the company is available at http://www.bordersgroupinc.com/ .
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