Indigo Books & Music (TSE:IDG) has released an update.
Indigo Books & Music Inc. is advancing with its proposed acquisition by Trilogy Investments L.P., offering a significant premium to current shareholders. The Ontario Superior Court of Justice has authorized a special shareholder meeting to vote on the $2.50 per share arrangement, a 69% premium over the pre-announcement closing price. The company’s board, advised by an independent committee, unanimously recommends that minority shareholders approve the transaction.
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