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flag Indigo Books & Music receives a $2.25/share private takeover proposal from Trilogy Retail and Trilogy Investments, owned by controlling shareholder Gerald Schwartz.

flag Indigo Books & Music Inc. has announced that it has received a proposal to be taken private by Trilogy Retail Holdings Inc. and Trilogy Investments L.P., which are owned by controlling shareholder Gerald Schwartz. flag This non-binding proposal suggests that the two companies would purchase all issued and outstanding shares of Indigo not currently owned by them for $2.25 in cash per common share.

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