Indigo Books & Music Inc T.IDG

RE:RE:RE:RE:CEO and her husband own 75.6% of Indigo

[wheeloffortune]

Yes, there's a premium, but the holdout price has to be based on an appraisal of what it's worth.  That 30% can't just say we're holding out for $10 a share if there's no appraisal to back it up.  That's what happened with HBC.  There were several appraisals, but a few holdouts wanted higher than the highest appraisal and the judge didn't allow it.  What do you think it would appraise at? 

mingzhu wrote: even they control 75.6 shares, they cannot take it private without at least 30% of 24.6 retail investors aggreeing to it, like you and me, according to regulation. So the takeover price must have some premium. this is right of minority. If other company likes to take it over, that is another matter. in that case, they want the price as high as possible .