The Books-A-Million bookstore chain operates 257 stores in 32 states and sells plenty of stuff online via their website. At a very special meeting last week the shareholders of the company have voted to take the company private. The Anderson family is buying 41.8% of the shares they do not already own and the entire deal is worth $21 million. In a prepared statement, … [Read more...] about How much is a US bookstore chain worth?
BooksAMillion
Hachette Launches Store Within a Store Concept at Booksamillion
Booksamillion is one of the last bookstore chains to be operating in the US and is the de facto number two, next to Barnes and Noble. The bookseller has inked a new deal with Hachette to pioneer a new online store within a store concept. Hardcover and softcover books are available to be purchased and customers can save up to 40% on new titles. A store within a store concept … [Read more...] about Hachette Launches Store Within a Store Concept at Booksamillion
Shareholder Sues Books-A-Million to Prevent a Takeover
A few weeks ago we reported that the majority shareholder of Books-A-Million wanted to take the company private. The Anderson family offered to buy shares at a premium price and valued the company at 48 million dollars. Today an irate shareholder filed a lawsuit in California to prevent the company from going private. The Shareholders Foundation is a legal monitoring service … [Read more...] about Shareholder Sues Books-A-Million to Prevent a Takeover
Books-A-Million Receives Offer to Take Company Private
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
OverDrive Makes Entire Ebook Catalogs Available to Libraries
OverDrive is the leading source of ebook titles for over 15,000 public and school libraries who have adopted ebook-lending strategies for their patrons. This week, OverDrive is meeting with major international and domestic publishers at the Frankfurt Book Fair—arguably the largest publishing industry event of its kind—to unveil its “Want It Now” (WIN) catalog for … [Read more...] about OverDrive Makes Entire Ebook Catalogs Available to Libraries