CBLT - Monday, May 27, 2024 - 12:00 p.m. (ET) - Segment #4

>>> Coming up, you taking canada's biggest bookstore private. Shareholders of indigo books and music vote in favor of doing exactly that. We will bring your reaction coming up right here on cbc news ( ) They say it lives way out there, deep in the city. I heard it wanders the streets at night in search of food. I hear it can carry two kayaks right on its back. It made this big loud sound... ( ) You know how nobody can find parking on gameday? It found a way. The new Subaru Crosstrek. The true Urban Legend. (Sentimental instrumental music) ( ) ( ) ( ) [Tense Music] One Aleve works through my day... ...so I can keep working my magic. Just one Aleve for up to 12 hours of pain relief. Aleve. Who do you take it for? And for effective topical pain relief for muscles and joints, try AleveX. Financial goals. Fidelity knows we've all got them. Maybe you want to own a home, or never own a home. Maybe you want to travel. Or have a kid. Or travel with your kid. Yours could be retiring early. Or never retiring at all. At Fidelity, we know everyone has different goals. But the one thing we share? We all want to get to them sooner. ( ) Follow Follow the sun (Laughing) Which way the wind blows (Indistinct chatting, laughing) When this day is done Dust is always in the air.And cleaning it (ugh) is the worst. So get a Swiffer Duster. It captures dust in one swipe, without lifting a thing. Trap and lock 3 times more dust. Oh yeah. You'll love Swiffer or your money back. Introducing Popeyes Big Box. You not only get two pieces of signature chicken, two regular sides and a biscuit for seven ninety-nine... ...you can also add a fancy strawberry biscuit! Am I just a basic biscuit? Live a little. Love thatChicken from Popeyes Getting beautiful windowswith Pella is easy.And we're confident becausePell Care Guarantee, which coversthe product and instillation. They perform over 7000 qualitychecks in a typical hour. They really take pridein what they do. Like us! [ ] >> Natasha: shareholders of indigo wrote to the company's next plot line today. They voted to accept an offer to keep -- take the retail chain private. This would come after years of public struggles. Jeannie lee joins us with more on this. Walk us through what happened today. >> Reporter: the shareholders came, they voted and they did accept a deal as you said. And really, here are the things that they had to consider. First of all, this offer was worth $2.50 per share or $69 million. If you consider that back in september the company had a market value of $29 million, this is an improvement and obviously the shareholders thought this was a decent deal. The other thing is that the company making the offer, trilogy investments and another company, trilogy retail already own 56% of indigo. It was up to the others to decide essentially and the trilogy companies, of course, is owned by a private investor giant, essentially, gerald schwartz. He has known for this kind of thing. He also is the husband of the founder and C.E.O. of indigo. This deal now will close in june. After that, indigo becomes a privately owned company and no longer traded on the stock exchange. >> Natasha: help us understand. They are selling indigo, they are making it private, what does that accomplish? >> It accomplishes getting out from under the some of the shareholders and also, you know, the pressures of being a publicly owned company. It is very public. Everything you do has to be reported and these are trying times for this company. Just consider, for example, the value of this company and the fact that shareholders it did have a say and were watching the stock price go down. So this is something to get rid

of if you don't have to answer directly to the shareholders and you can have the flexibility of doing things that you feel are important to turn the company around. Five years ago dollars apiece show the pandemic that there was a recovery because you sales were boosted and sales with anything having to do with the home and indigo is all about that as well. Candles and things that you want to keep around you to enhance your mood essentially. But it did not last. Last year, book sales and the stock languished. You saw they are sinking to as low as almost a dollar a share, almost under that. That would have put it into penny stock status. Again, ringing up all kinds of issues for the company. But now, once it is taken public, the owners can do what they like to possibly turn things around, maybe change the assortment of goods, close down stores that aren't doing so well, really what ever and the vision is, that's why some people feel it is easier to operate that way them to be a public company. >> Natasha: we know the U.S. markets are closed for memorial day weekend. The markets that are open, what are you seeing? >> Reporter: we are seeing not a lot to follow. It is always follow the U.S. markets. And today we have this picture on the compass it here at home. We have modest but to the upside up to 22,357. The west texas oil price at 78.6 cents U.S. ends this is along with other crude oil prices that have been rising lately. Closer to levels around $85. The canadian dollar always goes along for the ride it seems whenever oil prices go up and gold prices go up and that is the case today with our dollar. It is up about one fifth of a cent. We will watch those for you. Don't expect a whole lot of movement, but who knows. >> Natasha: thank Here's to those who ask How. Like Kevin, who asked Janine from Home Hardware how to build a place to work, ...or not work. Or Siobhan, who took Josh's advice and created a front yard worthy of this tv commercial. Or Eric and Sasha, who asked Julie how to reimagine their backyard so they could be more "outdoorsy". Complete your next project with helpful advice from thousands of store owners and team members across Canada. Home Hardware and Building Centres. Here's How. If you think EVs have about as much personality as a toaster, we don't blame you. That's why we didn't make just any EVs. We made an ev so powerful, it can charge another ev. ( ) And an ev with a mode that does this. ( ) The only ev that's a Mustang. The only ev that's an f150. ( ) Announcer: The season finale. It's go time! Announcer: Two big episodes. Man: It is do or die. Announcer: One huge twist. This changes everything. Announcer: Which team will win it all? Canada's Ultimate Challenge. Season finale. Watch free onCBC Gem. Hi, I'm Mae Martinand I cannot tell youhow stoked I am to get a bunch of selfies with celebs at theCanadian Screen Awards. [beep] I mean, I can't tell you how excited I am to host the awards. That is the main and most important thing. >> Natasha: new brunswick premier blaine higgs says he will be banning in school presentations from one particular sex education group from québec. He says he may put -- misrepresented the content they shared with students. Rhett ruskin has more. >> Reporter: this all began as a result of a post on x., formerly twitter from the premier's personal account. The premier's new brunswick posted that he is furious about what he saw when someone sent him a picture, a snap of a presentation that was happening at a new brunswick school. On this one slide there where questions, things like do girls masturbate, is it going to hurt when I do it for the first time? Questions that my typically come up during a sex ed class or a sex ed workshop. They would be questions like this perhaps. However, when the presentation was being done, it was by a group called hpv global action who are there to talk about sexually transmitted infections

picked up in your says that the topics on this slide being in this presentation went far beyond the scope of what this group was there to present about. The premier says that they revoked their opportunity, their future dates to go and present in front of schools, to share information about hpv and sexually transmitted infections. And the province is reviewing policies around third-party presentations like this in new brunswick schools. There is a link to the P.C. party website where people can answer how concerns they are about this issue, about this topic and also signed up to volunteer for the party if they so choose. Perhaps some public feed back being collected as to how much new brunswick people care about this issue. As for the cherry, they are scratching their heads. They say they have been doing presentations like this for years in new brunswick schools. They have been presenting at four different new brunswick schools. All of the material and contents that they present fall within the new brunswick curriculum and that specific material is approved in advance by the schools themselves. They are left with not being able to share their messaging and the work that they were doing. Cbc colleagues have asked the premier's colleagues about the decision and what it might mean going forward. We have yet to receive a response from them. >> Natasha: police in québec have issued an amber alert for two children. Police say one who is three or four years old and a 2-year-old were abducted this morning. Officers say the children were taken by a 40-year-old. The public is asked to be on the lookout for a 2013 white honda civic. The vehicle has a black hood and the québec license plate reads 53 va ce. Police say anyone who spots that vehicle should call 911.

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