Ryan & Maniskas, LLP (
) is investigating potential claims against the board of directors of Books-A-Million Inc. (“Book-A-Million” or the “Company”) (NASDAQ: BAMM) concerning possible breaches of fiduciary duty and other violations of law related to Books-A-Million’s receipt of a proposal from its Chairman, Mr. Clyde B. Anderson, and his family, to acquire all of the outstanding shares of the Company’s common stock in a going private transaction valued at approximately $48.8 million.
Our investigation concerns the Company’s board of directors’ process for consideration of the proposed transaction, whether Books-A-Million is acting in its shareholders’ best interests and whether the proposed consideration to be paid to Books-A-Million shareholders would be fair and adequate. For more information regarding our investigation, please contact Ryan & Maniskas, LLP (Richard A. Maniskas, Esquire) toll-free at (877) 316-3218 or by email at
Under the terms of the proposal, public shareholders of Books-A-Million will receive $3.05 in cash for each share of Books-A-Million they own.
If you own shares of Books-A-Million and would like to learn more about these claims or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact Richard A. Maniskas, Esquire toll-free at (877) 316-3218 or to sign up online, visit:
. You may also email Mr. Maniskas at
. For more information about class action cases in general, please visit our website:
Ryan & Maniskas, LLP is a national shareholder litigation firm. Ryan & Maniskas, LLP is devoted to protecting the interests of individual and institutional investors in shareholder actions in state and federal courts nationwide.