The Globe and Mail reports in its Thursday, April 4, edition that Indigo Books & Music has agreed to be taken private after agreeing to a sweetened offer from a holding company connected to its largest shareholder. A Canadian Press dispatch to The Globe reports that Indigo says its agreement will see Trilogy Retail Holdings and Trilogy Investments pay $2.50 per share in cash for the interest in the company they do not already own. The Trilogy companies, owned by Gerald Schwartz, the spouse of Indigo chief executive officer Heather Reisman, offered Indigo $2.25 per share in cash in February. Indigo did not say what caused Trilogy to boost its offer but noted the new price reflects a 69-per-cent premium on the share price of $1.48 that Indigo had when Trilogy first made its bid. Indigo says an independent committee of its board of directors recently unanimously recommended the company accept Trilogy's latest offer. If shareholders agree to the deal during a May vote, Indigo expects the transaction to close in June and its shares to be delisted from the Toronto Stock Exchange some time after. Through the Trilogy firms, Mr. Schwartz is the controlling shareholder of Indigo.