, or 10 per cent of its staff, and buying back up to 10 per cent of its stock in an attempt by the Montreal commerce software company to revive its moribund shares.
The retailer says its agreement will see Trilogy Retail Holdings Inc. and Trilogy Investments L.P. pay $2.50 per share in cash for the stake in Indigo they do not already own. Indigo says an independent committee of its board of directors recently unanimously recommended the company accept Trilogy’s latest offer.
“We view the acquisition as potentially positive for the company as it could offer up new product categories and/or new customers,” said Acumen Capital analyst Jim Byrne in a research note.) was flat on the premarket announcement that portfolio holding Prove Identity Inc. has entered into a strategic partnership with BetMGM, a sports betting and gaming entertainment company.), to use Prove’s Pre-Fill identity solution across its entire sports betting platform, including all of MGM’s U.S.
Taiga released quarterly and annual results today but did not hold a conference call with investors, and a spokesperson said managers would not be available for interviews.Taiga says it wants to better align vehicle production with seasonal demand and reduce operating costs.) started lower after Reuters reported it has secured enough shareholder votes to defeat a challenge against its board mounted by Nelson Peltz’s hedge fund Trian Fund Management.
Trian may still be able to claim a financial win at Disney, given that the company’s shares have gained nearly 50 per cent since early October when Mr. Peltz said he was planning a fresh push for seats.
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