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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Leaning Left10Leaning Right3Center4Last Updated29 days agoBias Distribution59% Left
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- 59% of the sources lean Left
L 59%
C 23%
R 18%
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