Correction: Merida Buys 49% of Specialized

TAIPEI, Taiwan (August 8) - Merida Industry Co. stated today that it has acquired 49% of Specialized Bicycles Inc., the US company that was first in taking the mountainbike to production. Bike Europe mistakenly reported earlier on this website that Taiwan's number two bike maker bought only 19% of Specialized. Merida Industry spokesman Cash Yang

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