Company Website:
http://www.booksamillioninc.com
BIRMINGHAM, Ala. -- (Business Wire)
Books-A-Million, Inc. (NASDAQ:BAMM) On January 29, 2015,
Books-A-Million, Inc. announced the receipt of a non-binding proposal
from Clyde B. Anderson, Executive Chairman of the Company, on behalf of
the Anderson family, to acquire certain outstanding shares of the common
stock of Books-A-Million, Inc., at a cash purchase price of $2.75 per
share. In the proposed potential transaction, the Anderson family would
acquire all of the outstanding shares of common stock of the Company not
currently owned by the Anderson family through a merger of the Company
with a newly formed acquisition vehicle that the Anderson family would
control. The Company intends to promptly review the proposal.
A copy of Mr. Anderson’s letter to the Board is attached as exhibit
number 99.18 to Amendment No. 16 to the Anderson family’s Schedule
13D/A, which was filed with the Securities and Exchange Commission
(“SEC”) today. This Amendment is available at no charge on the SEC’s
website at www.sec.gov.
ABOUT BOOKS-A-MILLION, INC.
Books-A-Million, Inc. is one of the nation’s leading book retailers and
sells on the Internet at www.booksamillion.com.
The Company presently operates 256 stores in 33 states and the District
of Columbia. The Company operates large superstores under the names
Books-A-Million (BAM!), Books & Co. and 2nd & Charles and traditional
bookstores operating under the names Bookland and Books-A-Million. Also
included in the Company’s retail operations is the operation of Yogurt
Mountain Holding, LLC, a retailer and franchisor of self-serve frozen
yogurt stores with 43 locations. The Company also develops and manages
commercial real estate investments through its subsidiary, Preferred
Growth Properties. The common stock of Books-A-Million, Inc. is traded
on the NASDAQ Global Select Market under the symbol BAMM. For more
information, visit the Company’s corporate website at www.booksamillioninc.com.
Follow Books-A-Million on Twitter (http://twitter.com/booksamillion)
and like us on Facebook (http://facebook.com/booksamillion).
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995:
This document contains certain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995 that
involve a number of risks and uncertainties. A number of factors could
cause actual results, performance, achievements of the Company or
industry results to be materially different from any future results,
performance or achievements expressed or implied by such forward-looking
statements. These factors include, but are not limited to, the
competitive environment in the book retail industry in general and in
the Company's specific market area; inflation; economic conditions in
general and in the Company's specific market areas; the number of store
openings and closings; the profitability of certain product lines,
capital expenditures and future liquidity; liability and other claims
asserted against the Company; uncertainties related to the Internet and
the Company's Internet initiative; and the impact of the availability of
e-content and the e-reader market. In addition, such forward-looking
statements are necessarily dependent upon assumptions, estimates and
dates that may be incorrect or imprecise and involve known and unknown
risks, uncertainties and other factors. Accordingly, any forward-looking
statements included herein do not purport to be predictions of future
events or circumstances and may not be realized. Given these
uncertainties, stockholders and prospective investors are cautioned not
to place undue reliance on such forward-looking statements. Please refer
to the Company’s annual, quarterly and periodic reports on file with the
SEC for a more detailed discussion of these and other risks that could
cause results to differ materially. The Company disclaims any
obligations to update any such factors or to publicly announce the
results of any revisions to any of the forward-looking statements
contained herein to reflect future events or developments.
Contacts:
Books-A-Million, Inc.
R. Todd Noden, 205-942-3737 ext. 4808
Chief
Financial Officer
Source: Books-A-Million, Inc.
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