Borders offer lodged

Private equity firm Pacific Equity Partners has lodged a final offer for the Australian and New Zealand businesses of bookseller Borders, in a deal expected to be worth about A$100 million ($121 million), two sources familiar with the situation said.

However, privately owned Australian bookseller Dymocks had withdrawn from the sale, after submitting an indicative bid in September, a banking source said.

A decision on the sale could be made ahead of an Australian Competition and Consumer Commission ruling on the deal on December 5, if it was conditional on approval, the second source said.