Books-A-Million formally announced the creation of a special committee of independent directors that will evaluate and make a recommendation regarding the Anderson family’s bid to take the company private. The committee, comprising Albert C. Johnson and J. Barry Mason, has retained King & Spalding as its legal counsel and is in the process of retaining financial advisors. In the same statement, BAMM’s board of directors again cautioned shareholders and other interested parties that the board “has only recently received the proposal and no decisions have been made…. There can be no assurance that any definitive offer will be made or […]
