Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating potential legal claims against the Board of Directors of Books-A-Million, Inc. ("BAMM") (Nasdaq: BAMM) related to a proposed buyout by its majority owner and chairman. Under the terms of the proposal, BAMM's Chairman, Mr. Clyde B. Anderson, and his family, would acquire all outstanding publicly held shares of BAMM's common stock for $3.05 per share, well below the $12.00 per share target price recently announced by analysts. The Anderson family current directly or indirectly control approximately 53% of BAMM's stock.
If you are an affected investor, and you want to learn more about the lawsuit or join the action, contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at patrick@powerstaylor.com, or Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 706-9314, or via email at WBriscoe@TheBriscoeLawFirm.com. There is no cost or fee to you.
According to shareholder rights attorney Willie Briscoe, "The investigation relates to the fairness of the proposed transaction to BAMM's shareholders and whether the Board of Directors is adequately shopping the company in order to obtain the best possible price for the shareholders. Most notably, according to Yahoo! Finance, at least one analyst has stated that the true inherent value of BAMM shares may be as high as $12.00 per share, which is well above the proposed price by the Anderson family. In addition, the firms are actively investigating possible breaches of fiduciary duty and other violations of state law by the Board of Directors of BAMM in connection with the potential approval of this transaction, and whether BAMM's Board of Directors is acting in the shareholders' best interests."
The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.
Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.
Contacts:
Powers Taylor, LLP
Patrick Powers, 877-728-9607
patrick@powerstaylor.com
or
The
Briscoe Law Firm, PLLC
Willie Briscoe, 214-706-9314
WBriscoe@TheBriscoeLawFirm.com
