TORONTO, Feb. 1, 2024 /CNW/ - Indigo Books & Music Inc. (TSX: IDG) ("Indigo" or the "Company"), Canada's leading book and lifestyle retailer, announced today that the Board of Directors of the Company (the "Board") received a non-binding proposal from Trilogy Retail Holdings Inc. ("TRHI") and Trilogy Investments L.P. ("TLIP", and together with TRHI, "Trilogy") outlining a potential transaction to acquire all of the issued and outstanding common shares of the Company that Trilogy and its joint actors do not currently own for $2.25 in cash per common share of the Company (the "Proposal"). Trilogy, together with its joint actors, currently own an aggregate of 16,774,665 common shares of Indigo, representing approximately 60.63% of the issued and outstanding common shares of the Company (the "Common Shares") as of the date hereof. TRHI and TLIP are controlled by Mr. Gerald W. Schwartz, a member of the Board.
Read more at newswire.caIndigo Confirms Receipt of Unsolicited Non-Binding Privatization Proposal
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