Late Friday Books-A-Million reported to the SEC that it agreed to repurchase the remaining 304,000 common stock shares held by Harsha Gowda at $2.15 a share a day after buying back 655,596 shares for the same per share price. Despite reducing the company’s float by about 6.5 percent, BAMM shares have declined, trading between $2.02 and $2.07 a share. Gowda, who runs BlueShore Global Equity Fund, told us: “I wish Books-a-Million management the best and I see them managing the decline in physical book retail successfully. My sale was primarily to pursue other investments for my Fund.”
