SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
October 21, 1997
Date of Report (Date of earliest event reported)
BORDERS GROUP, INC.
(Exact name of registrant as specified in its charter)
MICHIGAN 1-13740 38-3196915
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
500 East Washington Street, Ann Arbor, Michigan 48104
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code:
(313) 913-1100
ITEM 9. SALES OF EQUITY SECURITIES PURSUANT TO REGULATION S.
On October 21, 1997, the Company issued a total of 138,938
shares of its common stock and options to purchase an additional
108,517 shares, as part of the consideration for the acquisition
of all of the outstanding securities of Books Etc. Limited, a
U.K. corporation engaged in the retail book business in England,
and an affiliated U.K. corporation (collectively "Books"). The
shares of the Company's stock and options were issued pursuant to
agreements among the Company and the holders of the Books
securities and Regulation S. The sellers of the Books securities
were not U.S. persons, the sale and issuance occurred in England
in an offshore transaction, offering restrictions were
implemented pursuant to the agreements, and the transaction was
otherwise in compliance with Regulation S. There were no
underwriters or other distributors.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned hereunto duly authorized.
BORDERS GROUP, INC.
Date: October 21, 1997 By: s\GEORGE R. MRKONIC
Name: George R. Mrkonic
Title: Vice Chairman
