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Waterstone may take back book chain he founded

Founder considers a £100m-plus bid for the underperforming book chain if HMV's turnaround plan fails

Tim Waterstone, the founder of the books chain that bears his name, is considering a £100m-plus bid to take the chain private if the parent company, HMV, fails to turn the business around by the new year.

From: Books: Books + News | guardian.co.uk

Sunday, 5 September, 2010

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