More on Books-A-Million's (BAMM) Q1: The company's net loss per share nearly doubles from Q1 2012 as comps growth falls 6.8% Y/Y, results that were below management's expectations. The company faced a tough compare as last year's Q1 benefited from the success of Fifty Shades of Grey and the Hunger Games. BAMM also says eBook sales slowed during the period. (PR)
Shares of Books-A-Million (BAMM -19.2%) sink after Chairman Clyde Anderson and his family end their bid to buy out the company. The proposed deal spurred seven separate lawsuits against the Anderson family. (previous)
The Anderson family makes a $3.05-a-share offer to buy Books-A-Million (BAMM), repping a 19.6% premium over Friday's closing price. The buying group says it won't move forward with the deal if it doesn't land a recommendation from a special committee of independent directors to the board.
Books-A-Million's (BAMM) bid to acquire the leases of Borders Group superstores was approved by a bankruptcy court. The bookseller will buy 14 stores for $934K, down from an initial proposal of 30 stores.
Books-A-Million Inc is a book retailer primarily located in the eastern United States and operates both superstores and traditional bookstores. It operates in three reportable segments: Retail trade; Electronic commerce trade and Real estate development.