Indigo bookstore chain completes Trilogy deal to take retailer private
Advertisement
Read this article for free:
or
Already have an account? Log in here »
To continue reading, please subscribe:
Digital Subscription
One year of digital access for only $205*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*First annual payment billed as $205.00 + GST for one year. This annual subscription will automatically renew at $233.00 + GST every 52 weeks (10% off the regular annual price of $259.35). Offer available to new and qualified returning subscribers only. Cancel any time.
To continue reading, please subscribe:
Add Free Press access to your Brandon Sun subscription for only an additional
$1 for the first 4 weeks*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Your next Brandon Sun subscription payment will increase by $1.00 and you will be charged $17.95 plus GST for four weeks. After four weeks, your payment will increase to $24.95 plus GST every four weeks.
Read unlimited articles for free today:
or
Already have an account? Log in here »
Hey there, time traveller!
This article was published 31/05/2024 (864 days ago), so information in it may no longer be current.
TORONTO – Indigo Books & Music Inc. says Trilogy Investments LP has acquired all of the retailer’s outstanding shares.
The Toronto-based book purveyor says the share purchase marks the completion of its deal with the private holding company owned by Gerald Schwartz, the businessman spouse of Indigo founder Heather Reisman.
As a result of the deal, Indigo’s shares will be delisted from the Toronto Stock Exchange and the retailer will be relieved of its public reporting requirements.
The completion of the deal comes days after shareholders voted to approve the $2.50 per share transaction.
Trilogy originally offered $2.25 per share but raised its bid in April.
Indigo has been working to turnaround its business since last year, when it experienced a succession of leadership and board changes and was hit with a cyberattack that downed its website for a lengthy period.
This report by The Canadian Press was first published May 31, 2024.
Companies in this story: (TSX:IDG)