Books-A-Million Shareholder Alert – National Securities Law Firm Seeks Higher Price For Shareholders In Connection With Potential Acquisition. Encourages Shareholders To Contact Law Firm For More Information
January 30, 2015
New York, New York
Tripp Levy PLLC, a leading national securities and shareholder rights law firm, announces that it is investigating the potential acquisition of Books-A-Million, Inc. (NASDAQ: “BAMM”) (“Books-A-Million” or the “Company”) on behalf of its’ shareholders. Clybe B. Anderson, Executive Chairman of the Company, on behalf of the Anderson Family, which owns or controls 58.2% of the Company’s outstanding stock, announced that it is seeking to acquire the remaining shares of Books-A-Million common stock that it does not already own for only $2.75 per share.
Our investigation has revealed that the offer price of only $2.75 per share unfairly under-values the true going forward inherent value of the Company and that shareholders are not receiving the maximum value for their shares. Indeed, among other things, the Company’s book value is $6.60 per share, an analyst has projected the stock is worth at least $12 per share, and the stock has traded at the buyout price within the past year ($2.75 per share), negating any premium that is being offered.
If you are a shareholder of Books-A-Million and would like additional information as to how the acquisition may affect your rights as a shareholder, and how you may be eligible to obtain a higher price for your shares, please contact us toll free at 1-800-511-7037 or contact us via our website.
Tripp Levy PLLC represents individual and institutional shareholders and, along with its affiliate, has recovered billions of dollars for shareholders in similar actions around the globe. Tripp Levy PLLC is affiliated with the law firm Milberg LLP. The National Law Journal has named Milberg one of the “50 Elite Trial Lawyer Firms” and one of the “50 Leading Plaintiff Firms in America.” Attorney advertising. Prior results do not indicate a similar outcome.