As expected, Books-A-Million shareholders approved the Anderson family’s plan to take the company private in a deal worth $3.25 a share. The transaction is set to close on Thursday, December 10, and, according to BAMM’s announcement, the merger agreement was adopted by the stockholders representing approximately 88.3 percent of the aggregate voting power of outstanding common stock, as well as by 66.3 percent of shareholders not affiliated with the Anderson family, “thus satisfying the ‘majority of the minority’ stockholder approval condition in the merger agreement.” In their most recent quarterly filing, posted last month, Books-A-Million reported third quarter sales of […]
