With Books-a-Million stock languishing since last summer, trading for around $1.70 a share, on Thursday evening the controlling Anderson family offered again to buy out the other shareholders and take the company private. The non-binding proposal from executive chairman Clyde Anderson on behalf of the family offers $2.75 a share for the shares. In April 2012 the family offered to pay $3.05 a share. After shareholders objected to what they considered too low a price, in July 2012, “after discussing the proposal with the special committee of the company’s board of directors and its advisors, the Anderson family…decided not to pursue […]
