books a million takeover

Books-A-Million Inc received a proposal from the Anderson family, who controls over 53% of the company, to take it private today. Recently displaced CEO Clyde Anderson made an offer of $3.05 per share in cash for Books-A-Million, which has a premium of 20 percent. This would value the entire company at $48.8 million. Books-a-Million became the United States' second-largest … [Read more...] about Books-A-Million Receives Offer to Take Company Private