The Lin Law Firm, A Professional Law Corporation (www.thelinlawfirm.com) is investigating potential claims against the Board of Directors of Books-A-Million Inc. ("Books-A-Million" or the "Company") (NASDAQ: BAMM) related to the proposed acquisition of the Company by Chairman Mr. Clyde B. Anderson and his family to acquire all of the outstanding shares of the Company's common stock in a going private transaction valued at approximately $48 million.
Under the terms of the proposal, public shareholders of Books-A-Million will receive $3.05 in cash for each share of Books-A-Million they own. This investigation concerns the Company's Board of Directors' process for consideration of the proposed transaction, whether Books-A-Million is acting in its shareholders' best interests, and whether the proposed consideration to be paid to Company shareholders is fair and adequate. The $3.05 per share offer represents a 35% discount to the 52 week-high of $4.70 for Books-A-Million common stock. In addition, the buyout offer amounts to less than 50% of the Company's tangible book value.
If you own shares of Books-A-Million and would like to learn more about these claims, or if you wish to discuss these matters and have any questions concerning this announcement or your rights, please contact Elizabeth Lin, Esq., The Lin Law Firm, by telephone at 909-595-5522 or toll-free at 866-864-3898, by email to elizabethL@thelinlawfirm.com, or visit www.thelinlawfirm.com/contact/.
The Lin Law Firm, A Professional Law Corporation, is a litigation law firm committed to representing investors nationwide in securities mattes and protecting investors against corporate wrongdoing. For additional information, please visit www.thelinlawfirm.com.
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Contacts:
The Lin Law Firm
Elizabeth Lin, Esq., 909-595-5522
Toll-free:
866-864-3898
elizabethL@thelinlawfirm.com
www.thelinlawfirm.com/contact/
