Major shareholders obstruct Dorel’s take-private deal

MONTREAL, Canada - Dorel Industries has terminated the going-private transaction which was announced last November. To convince the current owners, an initial offer of Cerberus Capital Management LP representing the buyers was raised two weeks ago. But it did not convince the two main shareholders of Dorel Industries. They called the buyout “bad for investors”.

Read this article?

Create an account and read 3 articles every month for free.