Rigrodsky & Long, P.A. Announces Investigation Of Books-A-Million, Inc. Going Private Proposal

  Rigrodsky & Long, P.A. Announces Investigation Of Books-A-Million, Inc.
  Going Private Proposal

Business Wire

WILMINGTON, Del. -- May 01, 2012

Rigrodsky & Long, P.A., a national securities firm with offices in Delaware
and New York, announces that it is investigating potential claims against the
board of directors of Books-A-Million, Inc. (“Books-A-Million” or the
“Company”) (NASDAQ: BAMM). The investigation concerns possible breaches of
fiduciary duty and other violations of law related to Books-A-Million’s
receipt of a proposal from its Chairman, Mr. Clyde B. Anderson, and his
family, to acquire all of the outstanding shares of the Company’s common stock
in a going private transaction valued at approximately $48.8 million.

Under the terms of the proposal, public shareholders of Books-A-Million will
receive $3.05 in cash for each share of Books-A-Million they own, well below
the $12.00 per share target price recently announced by analysts. Mr. Anderson
and his family currently directly or indirectly control approximately 53% of
the Company’s common stock.

The investigation concerns the Company’s board of directors’ process for
consideration of the proposed transaction, whether Books-A-Million is acting
in its shareholders’ best interests and whether the proposed consideration to
be paid to Books-A-Million shareholders would be fair and adequate.

If you own the common stock of Books-A-Million and purchased your shares
before April 28, 2012, if you have information or would like to learn more
about these claims, 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 Scott J. Farrell, Esquire or Peter
Allocco of Rigrodsky & Long, P.A., 825 East Gate Boulevard, Suite 300, Garden
City, New York 11530 toll free at (888) 969-4242, by e-mail to
info@rigrodskylong.com, or at:

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City,
New York, regularly litigates securities class, derivative and direct actions,
shareholder rights litigation and corporate governance litigation, including
claims for breach of fiduciary duty and proxy violations in the Delaware Court
of Chancery and in state and federal courts throughout the United States.

Attorney advertising. Prior results do not guarantee a similar outcome.


Rigrodsky & Long, P.A.
Scott J. Farrell, Esquire
Peter Allocco
Fax: 302-654-9430
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