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Published 29 days ago

Indigo agrees to go private after sale to holding company

  • Trilogy companies, owned by Gerald Schwartz, offered Indigo $2.25 per share, reflecting a 69% premium on the initial bid.
  • Indigo's independent board committee unanimously recommended accepting Trilogy's offer, with a May vote expected for shareholder approval.
  • If shareholders agree in May, Indigo anticipates the deal closing in June, with shares delisted from the Toronto Stock Exchange afterward.
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