NEW ORLEANS, Jan. 30, 2015 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale of Books-A-Million, Inc. ("BAMM" or the "Company") (NASDAQ: BAMM) to the Anderson Family. Specifically, on January 29, 2015, BAMM announced the receipt of a non-binding proposal from Clyde B. Anderson, Executive Chairman of the Company, on behalf of the Anderson Family, to acquire certain outstanding shares of the common stock of BAMM at a cash purchase price of $2.75 per share. In the proposed potential transaction, the Anderson Family would acquire all of the outstanding shares of common stock of the Company not currently owned by the Anderson Family. KSF is seeking to determine whether this consideration and the process regarding it are adequate, or whether the consideration undervalues the Company.
If you believe that this transaction undervalues the Company and/or if you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn ([email protected]) or associate Michael J. Palestina ([email protected]) toll free at any time at 855-768-1857.
To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com.
Kahn Swick & Foti, LLC
206 Covington St.
Madisonville, LA 70447
SOURCE Kahn Swick & Foti, LLC