Car Insurance Shareholders agree to Chapters, Indigo merger at Annual General Meeting Chapters corporate name changes to Indigo TORONTO, Aug. 7 - Chapters Inc. ("Chapters") (TSE: CHP) shareholders overwhelmingly agreed to the merger of Chapters Inc. and Indigo Books & Music, Inc. ("Indigo") in a vote at Chapters Annual General Meeting held today. The majority of the independent Chapters shareholders, being shareholders other than Trilogy Retail Enterprises LP ("Trilogy"), Gerald Schwartz, Heather Reisman and parties related to them, voted 86% in favour of the merger. Indigo and Indigo Online Inc. shareholders previously voted in favour of the merger at their shareholder meetings in July. "We are thrilled that we are now able to move forward as one company", said Heather Reisman, the President and Chief Executive Officer of Chapters. "We will adopt the best practices of both companies and take advantage of substantial cost savings, synergies and efficiencies to create a unified, strong and viable company for our customers, shareholders and suppliers." Shareholders also voted in favour of changing the corporate name from Chapters Inc. to Indigo Books & Music Inc., ticker symbol IDG. The company will begin trading on the Toronto Stock Exchange under ticker symbol IDG shortly after the merger closes which is anticipated to be August 14. Under the terms of the proposed merger, Chapters will issue approximately 528,280 common shares to holders of the equity interests in Indigo and Indigo Online Inc. ("Indigo Online"). The closing price of Chapters common shares on The Toronto Stock Exchange (the "TSE") on Friday, August 3, 2001 was $7.10 per share. The agreement is conditional on a number of matters, including the receipt of necessary regulatory approvals and the approval of Chapters' and Indigo's debt holders. About Chapters Chapters is a Canadian company and the largest book retailer in Canada, operating bookstores in all provinces, under the names Chapters, Coles, SmithBooks, and World's Biggest Bookstore. Chapters is the top retail brand in Canada, ranked No. 1 overall by consumers for four consecutive years. Chapters is majority owner of Chapters Online Inc., operating www.chapters.indigo.ca, an online retailer of books, music, videos and DVDs. Chapters is a publicly traded company, listed on the TSE under the stock symbol CHP, and included in the TSE's top 300 companies, as well as in the S&P/TSE Canadian SmallCap Index. To learn more about Chapters, please visit the About Our Company section of www.chapters.indigo.ca. About Indigo Indigo is Canada's second largest bookstore chain. It operates stores in Ontario, Quebec, Alberta and British Columbia and has been recognized as "Best Large Format Bookstore" by Toronto Life Magazine and Best Music Retailer of the Year by the Canadian Music Association. For further information: Tracy Nesdoly, Vice President Communications, Chapters Inc., Tel.: (416) 263-5025, Fax: (416) 598-5060 back to retail news releases Retail Corporate Profile Management SEDAR Filings News Releases Online Corporate Profile Management News Releases Info Desk iREWARDS Program About Our Company Affiliate Opportunities Careers Contact Us Corporate Sales Gift Certificates Privacy Policy Shipping Rates Store Locations Wish List chapters.indigo.ca: home Shopping Bag | Account Centre | Wish List | Help iREWARDS Program | Corporate Sales | Store Locations All Products Books DVD Video Gifts Books Advanced Search Search Tips Browse Books Art and Architecture Audiobooks Biography & Memoir Business and Finance Children's Books Computers View all Categories Browse DVD Action & Adventure Comedies Dramas Foreign Films Horror & Suspense Kids & Family View all Categories Browse Video Action & Adventure Comedies Dramas Foreign Films Horror & Suspense Kids & Family View all Categories . Books at Chapters and Chapters Bookstore Chapters Indigo Books Canada • Chapters Bookstore • Chapters Canada • Indigo Website, Canada • Chapters Hours • www.Chapters.com • Chapters Kelowna • Indigo Chapters • www.Chapters Indigo • Chapters Indigo Ca Wptelus • Chapters Bookstore Locations • www.Chapters Indigo • Chapters Bookstore Online • Chapters Books Vancouver • Chapters Online Sale • Chapters Indigio • Indigo • Chapters Coupon • www.Indigo.com • Coles Bookstore • Chapters Home Page • Chapters Kelowna • Chapters Discounts • Chapters Indigo Book Store • Chapters London • . For more used books and discount textbooks at Chapters Indigo online bookstore, follow this link.