Books-A-Million, Inc. Announces Preliminary 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 preliminary 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. In the tender offer, the Company offered to purchase up to 4,000,000 shares of its common stock at a price that was not greater than $10.00 nor less than $8.75 per share. The Company expects to accept for purchase 57,223 shares at a purchase price of $10.00 per share, for a total cost of $572,230. Based on the preliminary count by Wells Fargo Wells Fargo armored carriers of bullion. [Am. Hist.: Brewer Dictionary, 1147] See : Protectiveness Wells Fargo company that handled express service to western states; often robbed. [Am. Hist. Shareowner Services, the depositary for the tender offer, 57,223 shares of common stock, including 132 shares that were tendered through notice of guaranteed delivery, were properly tendered and not withdrawn at prices at or below $10.00 per share. The number of shares tendered and not withdrawn, and the purchase price are preliminary and are subject to verification by Wells Fargo Shareowner Services. The actual number of shares validly tendered and not withdrawn, and the purchase price will be announced promptly following completion of the verification process. Promptly after such announcement, the depositary will issue payment for the shares validly tendered and accepted under the tender offer and will return all other shares tendered. Subject to applicable law, the Company may, in the future, purchase additional shares of its common stock pursuant to its previously announced stock repurchase Stock repurchase A firm's repurchase of outstanding shares of its common stock. program, although the Company and its affiliates are prohibited from repurchasing shares until August 4, 2005, ten business days after July 21, 2005. The dealer manager for the tender offer is Goldman, Sachs & Co. and the information agent is D.F. King & Co., Inc. The depositary is Wells Fargo Shareowners Services. For questions and information, please call the information agent toll free at (888) 644-5854. 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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