CHAPTERS Inc. shareholders formally gave their approval to the merger of Chapters and Indigo Books & Music, whilst the new management announced that losses will continue to be trimmed at the company's annual general meeting held in Toronto.

The country's largest bookseller reported a net loss of CAN $7 million, or 57 cents a share, for the first quarter ended June 30, a 45 per cent improvement from a year earlier of CAN $12.7 million.

Heather Reisman, CEO of Chapters said: "I am pleased about the speed and impact of the ...

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