Borders, Costco Kiss Off Sterling
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Barnes & Noble acquired New York-based Sterling for $110 million in December.
"We had a good relationship with Sterling, one that worked well for both companies," says Jenie Carlen, public relations manager with Borders Group Inc., Ann Arbor, Mich. "However, there is a fundamental business conflict. Barnes & Noble is a competitor. Its decision to acquire Sterling would have us supporting a competitor financially."
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