With Barnes & Noble all but private, the nation’s second largest bookselling chain Books-A-Million may go completely private, as the controlling stakeholders at the Anderson family have offered to acquire all outstanding shares. It is a modest offer–at $3.05 per share in cash, it values the entire company at $48.8 million, and is a 20 percent premium over the closing price last Friday. But shares traded as high as 3.50 a share in early April, and within the past year have been as high as about $4.75 a share, which led ZPR Investment Management president Mark Zavanelli to tell the WSJ […]
