Indigo’s largest stakeholder has made a bid to buy out the remaining shares of the company and take it private, the Canadian Press reports. Trilogy Retail Holdings and Trilogy Investments own 56 percent of the company and would acquire the rest of the shares at $2.25 in cash per common share. At the time of the announcement, the stock price was $1.50. On Monday, it closed at $2.15. Both Trinity companies are personal holding companies owned by Gerald Schwartz, who is married to Indigo CEO Heather Reisman. Schwartz is on Indigo’s board.
