After receiving a buyout offer from majority shareholders Trilogy Retail Holdings and Trilogy Investments in February, the board of Indigo Books & Music unanimously agreed to the sale at a slightly increased price, the company reports. Trilogy currently owns approximately 60.6 percent of shares, and will acquire the remaining at $2.50 (CA) in cash per share. At the beginning of February, Trilogy had offered $2.25 a share. The price gives Indigo an equity value of about $70 million. “The cash premium transaction will provide Minority Shareholders with immediate and certain value that is expected to be higher than that realizable […]
