More than 95 per cent of shareholders supported an offer from Trilogy Retail Holdings and Trilogy Investments to take the book retailer private for $2.50 per share. The offer represents a 69 per cent premium on Indigo’s $1.48 share price when Trilogy first made its bid. (The Canadian Press)

Talking point: The Trilogy companies already control 56 per cent of Indigo and are owned by Gerald Schwartz, the spouse of Indigo CEO Heather Reisman. Taking the company private could help it avoid some scrutiny from retail investors and the public as it works through a tumultuous period that included a debilitating ransomware attack, a director exodus, layoffs and steep quarterly losses. Reisman returned as CEO last September, just a month after announcing her retirement, to help “return Indigo to both growth and profitability,” she said last fall. The privatization is expected to conclude in June.