Canadian book retailer Indigo agrees to be taken private by Trilogy Retail Holdings and Trilogy Investments L.P. for $2.50 per share in cash.
Canadian book retailer Indigo agrees to be taken private by Trilogy Retail Holdings and Trilogy Investments L.P. for $2.50 per share in cash. Trilogy, connected to Indigo's largest shareholder, increases its offer after a unanimous recommendation from Indigo's board of directors' independent committee. If shareholders approve in May, the transaction is expected to close in June, with Indigo's shares delisted from the Toronto Stock Exchange. The deal aims to provide a premium for minority shareholders and ensure a strong future for Indigo under full ownership by a committed team.
April 03, 2024
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