Resturcturing increases Indigo red ink

Article Abstract:

Toronto, Ont.-based Indigo Books Music and More Inc. has reported a second quarter net loss of $31.3 million compared to a net loss of $7.8 million for the same period in 2000. Indigo Books, which has undergone a major restructuring of its retail operations, is the largest retail book store in Canada.

Sales, profits & dividends, Finance, Indigo Books Music and More Inc.

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Chapters rebuffs Indigo's hostile bid

Article Abstract:

Chapters Inc. has rejected a $63.5-million hostile takeover offer launched yesterday by Gerald Schwartz and Heather Reisman, getting ready for what appears to be a long fight over who controls Canada's book retailing industry.

Asset sales & divestitures, Acquisitions & mergers, Mergers, acquisitions and divestments

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Chapters reorganization assailed

Article Abstract:

Chapters Inc.'s reorganization plan has been criticized by Gerald Schwartz and Heather Reisman. The husband-wife team stated that the plan reduced shareholder value and favors insiders as the expense of other investors.

Planning

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