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Discovery Group sells shares of Books-A-Million
By Lisa Kerner
Charlotte, N.C., Oct. 20 - A group of Books-A-Million, Inc. investors led by Discovery Group I, LLC reduced their ownership interest to 4.7% from 5.2% following a series of buy and sell transactions between Sept. 19 and Oct. 17.
The transactions were reported in a schedule 13D/A filed with the Securities and Exchange Commission.
Discovery Group beneficially owns 726,514 shares of the Birmingham, Ala.-based book retailer.
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