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  • Why We Are Rejecting The Take-Private Offer For Books-A-Million [View article]
    Where was the stock trading before the offer and why?
    I assume it comes with a premium. I had been trading this on and off over the past 12-13 years. Whatever happened here for them to fall so low. Are the book stores on the way out, just as the video rental places were?

    is there a way to exercise appraisal rights.

    I always regarded the management in this company highly for their ability to stay out of trouble in a difficult sector.

    you make a good point about their recent return to great profitability. The variability of profits has always been a source of historical upside surprises and also downside surprises.

    My other decade long trading pig is JBSS... also family controlled. These stories always have had issues to go meaningfully above book and always have crashed back well below book. Both dont have the most stable businesses from year to year.

    What type of vote are they asking for in this buyout. Any majority of minority type of provisions or a straight majority is all that is needed to effect merger?
    May 18 03:02 PM | Likes Like |Link to Comment
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