Indigo Books & Music shareholders to vote on privatization sale

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The $2.50-per-share offer comes from Trilogy Retail Holdings Inc. and Trilogy Investments L.P., which are owned by Gerald Schwartz, spouse of Indigo CEO Heather Reisman

shareholders are expected to vote this morning on whether the retailer should accept a sweetened offer from a holding company that plans to take the bookstore chain private.

For the offer to be accepted, it requires approval by a two-thirds majority vote of Indigo shareholders and a simple majority vote from shareholders not linked to Trilogy and its affiliates.

 

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