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Independent proxy advisory firm Institutional Shareholder Services releases report recommending that Indigo Books & Music shareholders vote in favor of Trilogy Investments' plan to acquire approximately 39.4% of issued, outstanding shares of Indigo

Ontario Superior Court of Justice grants interim order in connection with Trilogy Investments' acquisition of 39.4% of Indigo Books & Music's outstanding common shares for C$2.50 per share in cash; order authorizes calling of special shareholders meeting

Indigo Books & Music to be taken private after accepting C$2.50 per share cash offer from Trilogy Retail Holdings, Trilogy Investments for stake in Indigo they do not already own; new price is 69% premium on Indigo's stock price when companies first bid

Shares of Indigo Books & Music up more than 50% after pair of companies owned by Gerald Schwartz make privatization proposal; Trilogy Retail Holdings, Trilogy Investments offered to pay C$2.25 per share in cash for stake in company they don't already own

Indigo Books & Music receives a non-binding proposal from Trilogy Retail Holdings, Trilogy Investments to acquire all issued, outstanding common shares of company it doesn't currently own for C$2.25 in cash per share; Trilogy currently owns 60.63%

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