Books-a-Million has filed a preliminary proxy statement with the SEC in advance of a special shareholders’ meeting to vote on the Anderson family’s offer to buy out the stock they do not own for $3.25 a share (valuing the entire company at $50 million). A date for the meeting has not been set yet. The filing provides the first comprehensive and honest look at a company that has been in play at least since 2011 and also explains why there have been just a few potential buyers over the years. (Something like 40 percent of the company’s value is attributed to […]
