Borders Group Strategic Alternatives Process Remains Ongoing

Borders Group Strategic Alternatives Process Remains Ongoing

ANN ARBOR, Mich., May 22 /PRNewswire-FirstCall/ -- In response to recent inquiries, Borders Group, Inc. (NYSE:BGP) today reported that the company is in the midst of the strategic alternatives process and has not engaged in substantive discussions regarding any specific transaction to date. The company does not intend to make any further comment while the process is ongoing.

(Logo:

http://www.newscom.com/cgi-bin/prnh/20060208/BORDERSGRPLOGO )

About Borders Group

Headquartered in Ann Arbor, Mich., Borders Group, Inc. is a leading global retailer of books, music and movies with more than 1,100 stores and approximately 30,000 employees worldwide. More information on the company is available at www.bordersgroupinc.com .

First Call Analyst:
FCMN Contact: aroman@bordersgroupinc.com

Photo:

http://www.newscom.com/cgi-bin/prnh/20060208/BORDERSGRPLOGO
AP Archive:

http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com
Source: Borders Group, Inc.

CONTACT: Investor Contact, Ed Wilhelm, +1-734-477-4245; or Media
Contact, Anne Roman, +1-734-477-1392, both of Borders Group, Inc.

Web site:

http://www.bordersgroupinc.com/

Company News On-Call:

http://www.prnewswire.com/comp/106169.html

-------
Profile: intent