Roots Corp. agrees to go-private deal with Marquee Brands

Roots Corp., a Canadian retailer, has agreed to a go-private transaction led by Marquee Brands at $4.10 per share. This decision follows a strategic review initiated in March to explore options for maximizing shareholder value. The deal, expected to close in the fourth quarter, involves JM&A Design and Development Inc. overseeing Roots' operations and aims to expand the brand into new markets.