Indigo agrees to go private after sale to holding company

TORONTO — Indigo Books & Music Inc. has agreed to be taken private after agreeing to a sweetened offer from a holding company connected to its largest shareholder.

The Trilogy companies, owned by Gerald Schwartz, the spouse of Indigo chief executive Heather Reisman, offered Indigo $2.25 per share in cash in February. Indigo says an independent committee of its board of directors recently unanimously recommended the company accept Trilogy's latest offer. "We believe that this transaction will provide minority shareholders with a substantial premium for their shares following some challenging years for the business, while also ensuring a strong future for Indigo with full ownership by a team that has demonstrated a deep commitment to Indigo's mission," Indigo board chair Markus Dohle said in a statement.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Indigo agrees to go private after sale to holding companyTORONTO — Indigo Books & Music Inc. has agreed to be taken private after agreeing to a sweetened offer from a holding company connected to its largest...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Most actively traded companies on the Toronto Stock ExchangeTORONTO — Some of the most active companies traded Mondayon the Toronto Stock Exchange: Toronto Stock Exchange (21,942.28, down 41.80): Suncor Energy Inc...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Drug company Apotex signs deal to buy Montreal-based Searchlight PharmaDrug company Apotex Inc. has signed a deal to buy Searchlight Pharma Inc.
Source: BNNBloomberg - 🏆 83. / 50 Read more »