A proposal to take Indigo Books & Music Inc. private would allow the company to get back on track with less scrutiny and more flexibility than if it remained public, experts say.
The company has spent the bulk of the last year recovering from a major cyberattack, coping with a succession of leadership changes and watching its losses mount. It’s been using a transformation plan to return the company to its former glory but has said little about what the initiative entails, though it laid off an unspecified number of workers last month.