November 28, 2000:

*Trilogy Retail Enterprises, a private company run by Gerry Schwartz and his wife Heather Reisman, announced that it would make an offer to Chapters Inc. shareholders to purchase 4,888,000 common shares of the company at a cash price of $CAN 13 per share.

Buying the shares would give Trilogy 50.1 percent of Chapters' shares, and control of the company.

Chapters CEO, Larry Stevenson responded by saying: "The bid is totally inadequate and creates substantial uncertainties for ...

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