Investor Looks To Shelve $49M Books-A-Million Buyout Plan
Investor Jeffrey Ye filed suit in Delaware Chancery Court, accusing Chairman Clyde Anderson and Books-A-Million’s directors of breaching their fiduciary duty to obtain the best reasonable sale price for the company.
“The consideration to be paid is unfair and inadequate, and represents an attempt by the company’s controlling shareholders to deprive the public shareholders...
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