The Globe and Mail reports in its Friday edition that Roots has agreed to a go-private transaction led by Marquee Brands for $4.10 a share. A Canadian Press dispatch to The Globe says that as part of the transaction, Marquee Brands partnered with JM&A Design and Development Inc. -- led by Joe Fresh founder Joe Mimran -- and retail veteran Frank Rocchetti. "This transaction brings together Marquee Brands' global brand-building platform and JM&A's operational leadership to position Roots for its next chapter of growth," Roots chief executive officer Meghan Roach said in a news release. "With that foundation in place, we see significant global opportunity to extend Roots into new categories, markets and consumer segments, while remaining true to all that makes the brand distinctive," said Marquee Brands CEO Heath Golden. Roots put itself on the block in March. In June, when the company reported its first-quarter earnings, Ms. Roach said the company wasn't going to share updates until the board approved a transaction or determined disclosure of what's going on was required by law or appropriate. The go-private transaction is expected to close in the fourth quarter; a shareholder vote is expected in October.