Borders Up In Pre-Market On Restructuring Hopes (BGP)

Shares of Borders Group, Inc. BGP are 17% higher in pre-market trading on reports yesterday that the company is in talks with Jefferies JEF about a potential restructuring of the company, as it hopes to stave off bankruptcy. Shares of Agree Realty Corporation ADC were also higher in after-hours trading yesterday, as Borders is one of Agree's largest tenants. At last check, shares of Borders were up 15 cents to $1.01.