Getting your player ready...
Borders Group Inc., the second-largest U.S. bookstore chain, surged in after-hours trading on a report that Jefferies & Co. is helping the company restructure its debt.
The investment bank is advising the Ann Arbor, Mich.- based chain on reworking its debt load, The Wall Street Journal reported Thursday, citing people familiar with the matter. Borders doesn’t plan to hire bankruptcy lawyers at this time, the newspaper said.
