Books-A-Million Inc.

Robbins Arroyo LLP: Acquisition of Books-A-Million, Inc. (BAMM) by the Anderson Family May Not Be in Shareholders’ Best Interests

Robbins Arroyo LLP is investigating the proposed acquisition of Books-A-Million, Inc. (NASDAQ: BAMM) by a newly organized entity owned by the Anderson Family, including Clyde B. Anderson, the company’s Executive Chairman. On July 13, 2015, the two companies announced the signing of a definitive merger agreement pursuant to which the Anderson Family will acquire Books-A-Million. Under the terms of the agreement, Books-A-Million shareholders will receive $3.25 for each share of Books-A-Million common stock.

Is the Proposed Acquisition Best for Books-A-Million and Its Shareholders?

Robbins Arroyo LLP’s investigation focuses on whether the board of directors at Books-A-Million is undertaking a fair process to obtain maximum value and adequately compensate its shareholders.

As an initial matter, the $3.25 merger consideration represents a premium of only 11.3% based on Books-A-Million’s closing price on June 12, 2015. This premium is significantly below the average one month premium of nearly 80% for comparable transactions within the past three years. Most recently, Books-A-Million traded above the merger consideration – at $3.39 – on May 29, 2015.

In light of these facts, Robbins Arroyo LLP is examining Books-A-Million’s board of directors’ decision to sell the company now rather than allow shareholders to continue to participate in the company’s continued success and future growth prospects.

Books-A-Million shareholders have the option to file a class action lawsuit to ensure the board of directors obtains the best possible price for shareholders and the disclosure of material information.

Books-A-Million shareholders interested in information about their rights and potential remedies can contact attorney Darnell R. Donahue at (800) 350-6003, or you can complete the form below and we will contact you directly.

 

Shareholder Information

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First Name * Last Name *
Address City State/Province *
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Shares Purchased:
Number of Shares: Buy Date : Price Per Share:
example: 125 example: MM/DD/YYYY example: 30.00
transaction:
transaction:
transaction:
transaction:
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If you have additional transactions or comments, please input the information below:

Shares Sold:
Number of Shares: Sell Date : Price Per Share:
example: 125 example: MM/DD/YYYY example: 30.00
transaction:
transaction:
transaction:
transaction:
transaction:
If you have additional transactions or comments, please input the information below:

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