Ruminator Faces End of January Closing
Macalester College, a major creditor of Ruminator Books in St. Paul, Minnesota, has given the 33-year-old store an ultimatum -- Ruminator must raise $500,000 by January 31 or close its doors and surrender its assets to the college. Ruminator's debt to the school now exceeds $600,000, according to the bookstore's stock offering Disclosure Document.