Borders.com included in $435 million bankruptcy sale of bookstore chain?

According to a Borders press release:

Bidding on bankrupt bookstore chain Borders has begun. Phoenix-based private equity firm Najafi Companies will serve as the stalking-horse bidder, kicking off the court-supervised auction with a bid of $215.1 million plus the assumption of about $220 million worth of liabilities.

Once the auction begins, other companies—including Gores Group, the Los Angeles-based private equity firm that originally expressed interest in buying about half of Borders’ remaining stores—may bid as well. The auction is scheduled to take place by July 19, with a sale wrapping up by July 29.

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