Indigo Books & Music Inc. (IDG.TO)
- CNW Group
Indigo Announces Receipt of Interim Order in Respect of Proposed Arrangement with Trilogy and Provides Details of Shareholder Meeting
Indigo Books & Music Inc. (TSX: IDG) ("Indigo" or the "Company"), Canada's leading book and lifestyle retailer, is pleased to announce that the Ontario Superior Court of Justice (Commercial List) (the "Court") has granted an interim order (the "Interim Order") in connection with the previously announced statutory plan of arrangement under section 182 of the Business Corporations Act (Ontario), pursuant to which, subject to the satisfaction or waiver of all applicable conditions precedent, Trilog
- The Canadian Press
'Won't be a quick fix': Indigo needs turnaround as privatization nears, experts say
TORONTO — As Canada’s biggest bookstore-turned-gift-giver’s-paradise edges toward privatization, it's evident from a stroll around one of its Toronto stores that the retailer knows some things haven’t been working. Epsom salts and body lotions that previously lined Indigo Books & Music Inc.’s wellness area at the Eaton Centre have been replaced by shelves of books and tchotchkes like cat- and corgi-shaped book lights, magnifying glasses and lap desks. In the children’s section, a red velvet curt
- The Canadian Press
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 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. 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. Indig
