Six months after their latest offer to take Books-A-Million private, the controlling Anderson family has reached a deal to buyout shareholders of the country’s second-largest book retailer for approximately $21 million, an improved offer of $3.25 a share. (Previously, they offered $17 million, or $2.75 a share.) Unanimously approved by a special board committee and the directors, the deal offers a 23 percent premium over Monday’s closing trading price of $2.60 a share. A majority of the shareholders outside of the family still need to approve the deal for it to go through. The Andersons currently own just under 58 percent of shares. They […]
