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.
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.