As expected, the board of Books-a-Million has formed a special committee of independent directors to consider the latest proposal from the family of chairman Clyde Anderson to take the company private by buying all outstanding stock for $2.75 a share. Quarto announced an agreement for a a new four-year, $95 million syndicated bank facility, with four banks that already finance the publisher. As of their half-year report for 2014, Quarto had $94 million in short-term borrowings. The Jamie Oliver Group is working with New York-based investment bank Raine to explore selling a minority stake in the chef’s media and publishing business, […]
