Holzer Holzer & Fistel, LLC Announces Investigation Into The Proposed Buyout Of Books-A-Million, Inc.

Holzer Holzer & Fistel, LLC is investigating whether the directors of Books-A-Million, Inc. (“Books-A-Million” or the “Company”) (NASDAQ: BAMM) complied with their fiduciary duties in approving the proposed acquisition of the Company by its Executive Chairman, Clyde B. Anderson, and his family. According to the Company’s announcement, if the deal closes Books-A-Million shareholders will receive $3.05 per share of BAMM owned. Mr. Anderson and his family already own more than 50% of Books-A-Million’s shares, and the investigation seeks to determine, among other things, whether the consideration to be paid to BAMM minority shareholders is fair and adequate.

Current holders of BAMM common stock with questions concerning their legal rights are encouraged to contact Holzer Holzer & Fistel, LLC and its attorneys Michael I. Fistel, Jr., Esq., or Marshall P. Dees, Esq. via email at mfistel@holzerlaw.com, or mdees@holzerlaw.com, or via toll-free telephone at (888) 508-6832.

Holzer Holzer & Fistel, LLC dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. More information about the firm is available through its website, www.holzerlaw.com and upon request from the firm. Holzer Holzer & Fistel, LLC has paid for the dissemination of this promotional communication, and Michael I. Fistel, Jr. is the attorney responsible for its content.

Copyright Business Wire 2010

More from Press Releases

NFL Pushes for Regulation Following Supreme Court's Sports Gambling Ruling

NFL Pushes for Regulation Following Supreme Court's Sports Gambling Ruling

21st Century Fox Scoops Up Local News Stations

21st Century Fox Scoops Up Local News Stations

Walmart CEO: 'We Are Transforming Globally' With Flipkart

Walmart CEO: 'We Are Transforming Globally' With Flipkart

Three-Part FREE Webinar Series

Three-Part FREE Webinar Series

March 24 Full-Day Course Offering: Professional Approach to Trading SPX

March 24 Full-Day Course Offering: Professional Approach to Trading SPX