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Article Date: November 2020
Word Count: 261

Dorel to Go Private Backed by Cerberus


The bike, home goods and juvenile furniture maker has offered shareholders $14.50 per share valuing the company at about $450 million in a deal backed by private equity group Cerberus. The Schwartz family, which holds many of the top executive positions, will be part of the buyout and control 19% of the shares outstanding and 60% of the voting rights to the company, mostly from a separate class of stock. Cerberus has until Nov. 10 to complete a definitive agreement.

 

The stock traded around $15 on the announcement, about where it has been trading in recent days, suggesting that investors think ... Log in to view full article.

 


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