The Cannondale and Schwinn parent’s board of directors has approved the takeover bid by Cerberus Capital Management to acquire all outstanding publicly owned shares as well as some of the shares owned by the Schwartz family. The Schwartz family owned about 19% of the total equity, but controlled about 60% of Dorel’s voting shares. The price represents a more than 10x appreciation from the company’s C$1.35 per share price in March, at the nadir of ... Log in to view full article.