Indigo Books & Music (TSE:IDG) has released an update.
Indigo Books & Music Inc. is set to go private with Trilogy Investments L.P. acquiring all minority shares for $2.50 each, a significant 69% premium over the pre-announcement closing price. This cash deal promises immediate value to shareholders, reflecting a favorable 11% increase from the initial proposal. The board-approved transaction is aimed at offering minority shareholders a better-than-expected return in the short term.
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