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TRILOGY ANNOUNCES INDIGO PRIVATIZATION PROPOSAL

Newswire.ca - Thu Feb 1, 4:01PM CST

TORONTO, Feb. 1, 2024 /CNW/ - Trilogy Retail Holdings Inc. ("TRHI") and Trilogy Investments L.P. ("TILP") (together, "Trilogy") announced today that Trilogy has made a non-binding privatization proposal to Indigo Books & Music Inc. (TSX: IDG) ("Indigo") to acquire all of the common shares of Indigo not already owned or controlled by Trilogy and its joint actors at a price of $2.25 in cash per share. TRHI and TILP are personal holding companies of Mr. Gerald W. Schwartz, a director of Indigo and, indirectly, the controlling shareholder of Indigo.

Read more at newswire.ca

Provided Content: Content provided by Newswire.ca. The Globe and Mail was not involved, and material was not reviewed prior to publication.

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