A judge gave Borders Group Inc (BGPIQ.PK) more time to come up with a plan to exit bankruptcy after a company lawyer said multiple potential suitors had expressed interest in buying the bulk of the bookseller's stores. The retailer's sale process is "significantly more robust" than it was weeks ago, with "multiple parties" expressing interest in a majority or nearly all of its stores, the attorney, Andrew Glenn, said at a hearing in U.S. Bankruptcy Court in Manhattan on Thursday. Private equity firm Gores Group is in talks to purchase more than half of Borders' remaining stores, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. A Gores representative failed to comment on Thursday. Glenn would not confirm the newspaper report, and a Borders spokesperson said the company had no comment on the sale process.
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