Books-A-Million Shareholders Approve Going Private

Books-A-Million Shareholders Approve Going Private

Shareholders of Books-A-Million Inc. have approved a $21 million deal to take the company private, the Birmingham Business Journal reported.

The Birmingham, Ala.-based company will be acquired for $3.25 in cash per share by a group including Clyde B. Anderson, members of the founding Anderson family, senior company managers and others, the journal article said.

The Anderson family "has made several efforts to take [the company] private in recent years," the report noted.

The company has 257 stores in 32 states, the article said.  (Source: Birmingham Business Journal, Dec. 8, 2015.)