As a result Chapters requested that the Commission order Trilogy to amend the Offer from a partial-bid to an offer for all the common shares of Chapters, or in the alternative cease trade the Offer.
Chapters is a reporting issuer governed by the laws of Ontario.
The authorized share capital of Chapters consists of an unlimited number of common shares, of which 11,374,704 were issued and outstanding as at December 18, 2000. The shares are listed for trading on The Toronto Stock Exchange. Trilogy is a limited partnership formed for the purposes of making the unsolicited partial take-over bid. The general partner of Trilogy is a corporation controlled by Mr. Gerald W. Schwartz. Mr. Schwartz and Ms. Heather M. Reisman, are the only two named principals of Trilogy.