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Borders Group is amid a turnaround launched in March, tapping Merrill Lynch & Co. to advise it. In September the bookseller agreed to sell its British and Irish subsidiaries to London private equity firm Risk Capital Partners Ltd. for up to £30 million ($60.6 million). Additionally, the turnaround plan calls for the disposal of Australian and New Zealand stores and the launch of its own Web site to replace its existing agreement with Amazon.com Inc. Borders isn't the only retailer in Ackman's sites. Discount retailer Target is also facing an activist push from Pershing, but so far Ackman hasn't threatened to elect a slate of directors. Instead, he reportedly is pushing for sales of Target's credit card business and real estate. - Ron Orol See Schedule 13D filing via SEC Edgar Ron Orol is a Washington-based reporter for The Deal and author of Extreme Value Hedging: How Activist Hedge Fund Managers Are Taking on the World. Categories Deal Video
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Activist investor Bill Ackman of Pershing Square Capital Management continues to hike his stake in bookseller Borders Group Inc. According to a 
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