Audio clip NAT093

NAT093 – (Indigo-Privatization)
TORONTO. x–15s. Indigo Books & Music shareholders have voted to approve a deal that will see the retailer become a private company. Earlier today, shareholders voted in favour of a $2.50 per share offer from Trilogy Retail Holdings and Trilogy Investments, which have a 56 per cent stake in Indigo and are owned by Gerald Schwartz, the spouse of Indigo chief executive Heather Reisman (REES’-man). Canadian Press business reporter Tara Deschamps says the move will mean a few changes for customers.
(“..in her stores.”) (SOURCE:The Canadian Press)

TAG: The highlights of the transformation plan are meant to bring the company back to profitability again, and help it grow after struggles last year which included a massive cyberattack that downed its website for a lengthy period of time.

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The Canadian Press broadcast team