Books-A-Million, Inc. Announces Final Results of Its Dutch Auction Tender Offer.BIRMINGHAM, Ala. -- Books-A-Million, Inc. (Nasdaq/NM:BAMM BAMM British Association of Medical Managers BAMM Bay Area Model Mugging (now Impact Bay Area) BAMM Beta and Advection Model - Medium BAMM Bay Area Math Meet (San Francisco, CA) ) announced today the final results of its modified "Dutch Auction Dutch Auction An auction where the price on an item is lowered until it gets its first bid, and then the item is sold at that price. Notes: The U.S. Treasury (and other countries) uses a Dutch auction when it sells securities. " tender offer, which expired at 12:00 midnight, New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. time, on July 21, 2005. Based on the final tabulation tab·u·late tr.v. tab·u·lat·ed, tab·u·lat·ing, tab·u·lates 1. To arrange in tabular form; condense and list. 2. To cut or form with a plane surface. adj. Having a plane surface. by Wells Fargo Shareowner Services, the depositary for the tender offer, 56,406 shares of common stock were properly tendered and not withdrawn at prices at or below $10.00 per share. As a result, the Company has accepted for purchase 56,406 shares of common stock at a purchase price of $10.00 per share, for a total cost of $564,060. Wells Fargo Shareowner Services will promptly issue payment for the shares validly tendered and accepted for purchase and will return all other shares tendered not accepted for purchase. Subject to applicable law, the Company may, in the future, purchase additional shares of its common stock pursuant to its previously announced stock repurchase program, although the Company and its affiliates are prohibited from repurchasing shares until August 4, 2005, ten business days after July 21, 2005. Goldman, Sachs & Co. acted as the dealer manager for the tender offer and D.F. King & Co., Inc. acted as the information agent for the tender offer. Books-A-Million is one of the nation's leading book retailers and sells on the Internet at www.booksamillion.com. The Company presently operates 207 stores in 19 states and the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). . The Company operates three distinct store formats, including large superstores operating under the names Books-A-Million and Books & Co., traditional bookstores operating under the names Books-A-Million and Bookland Book´land` n. 1. (O. Eng. Law) Charter land held by deed under certain rents and free services, which differed in nothing from free socage lands. This species of tenure has given rise to the modern freeholds. , and Joe Muggs Newsstands. |
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