BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces that it is investigating potential claims against the Board of Directors of Books-A-Million Inc. (“Books” or the “Company”) (NASDAQ: BAMM) related to the proposed acquisition of the Company by majority owner and chairman Clyde B. Anderson. The transaction is valued at approximately $48 million or $3.05 per share.
This investigation concerns the Board of Directors’ process for consideration of the proposed acquisition, and whether Books is acting in its shareholders’ best interests. The Company has seen substantial recent growth. Its share price has skyrocketed from $2.20 on December 12, 2011 to $3.53 on March 14, 2012. Further, at least one analyst has set a target price for the Company’s stock at $12.00 per share.
If you are a shareholder of Books, if you have information or would like to learn more about our investigation, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to email@example.com, or visit our website at http://www.howardsmithlaw.com.