Trilogy Retail Enterprises L.P.

January 29, 2010 09:27 ET

Trilogy Retail Enterprises L.P. Agrees to Sell Two Million Indigo Shares

TORONTO, ONTARIO--(Marketwire - Jan. 29, 2010) - Trilogy Retail Enterprises L.P. ("Trilogy"), a partnership controlled by Gerald W. Schwartz, stated that it has today agreed to sell to Cormark Securities Inc. and Cormark Securities (U.S.A.) Limited an aggregate of 2,000,000 common shares (or approximately 8.2% of the total outstanding common shares) of Indigo Books & Music Inc. in a private transaction. Trilogy, together with other entities controlled directly or indirectly by Mr. Schwartz and with Ms. Heather M. Reisman, the spouse of Mr. Schwartz, now owns an aggregate of 15,316,865 Indigo common shares, representing approximately 62.4% of the total outstanding common shares. Closing of the transaction is expected to occur on or before February 9, 2010.

Contact Information

  • Trilogy Retail Enterprises L.P.
    Lori Shapiro
    (416) 943-4110