Books-A-Million Agrees to Go Private in $21M Deal
Books-A-Million said Monday it's agreed to be acquired by a newly organized entity created by the Anderson family, including Books-A-Million Executive Chairman Clyde B. Anderson. Holders of Books-A-Million stock, excluding the Anderson family and some management team members, will get $3.25 per share. The stock closed at $2.60 on Monday. The deal comes after the Anderson family announced earlier this year it was making another play to take the Birmingham, Ala.-based book retailer private. A previous effort in 2012 was withdrawn.