Sep 272011
 September 27, 2011  Posted by  Business

Nick Brown reports:

A bankruptcy judge gave Borders Group Inc (BGPIQ.PK) the go-ahead to sell its customer information to former rival Barnes & Noble Inc (BKS.N) after both sides addressed concerns about customer privacy.


At a hearing on Thursday, Glenn voiced uncertainty about whether Borders’ customer privacy policy covered longer-standing customers and whether the sale would require customer consent. He held off on approving the deal until he could be sure state and federal regulators supported it.

The deal announced on Monday gives customers 15 days to opt out of the transfer by responding to an email that will be sent when the deal closes, Borders lawyer Andrew Glenn said at the hearing. A closing date is still uncertain, but the parties are working to close as quickly as possible, added Glenn, no relation to the judge.

Read more on Reuters.

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