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Trouble

Bankrupt bookstore chain Borders Group Inc. said it chose a media products firm in the portfolio of private equity firm Najafi Companies as the “stalking horse” bidder for its assets, after an offer worth $215.1 million.

Buyout shop Penta Investments submitted an offer to buy troubled Austrian engineering group A-TEC, Reuters reported, citing a report in the newspaper Wirtschaftsblatt. A-TEC needed to find a buyer by June 30 under a deal with creditors struck in December, Reuters wrote. Terms of the offer were not disclosed.