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Bicycle Racing News and Opinion,
Monday, December 7, 2020

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2020 Tour de France | 2020 Giro d'Italia

There are two things that can destroy a family business: the family and the business. – Estée Lauder

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Geraint Thomas has training crash and dislocates shoulder

The 2018 Tour de France winner crashed on some ice Sinday and dislocated his shoulder. His post on his Facebook page says he'll be on the turbo traininer tomorrow.

He posted his X-rays on his Facebook page. Ouch!

Geraint Thomas

A less painful moment. Geraint Thomas at the 2018 Tour de France with Miguel Indurain. Sirotti photo.

Dorel (owner of Schwinn, Cannondale, GT and other brands) calls special shareholders meeting to approve going-private offer

Bicycle Retailer & Industry News posted this:

MONTRÉAL (BRAIN) — Dorel Industries is calling a special, virtual, meeting of Dorel shareholders on Jan. 12. Shareholders will be asked to adopt a special resolution approving an offer to take the company private. A group of executives, backed by Cerberus Capital Management, have offered to buy all Dorel's outstanding stock for CA$14.50 ($11.09) per share.

Dorel's board voted to accept the offer last month.

The virtual meeting will be at 10 a.m. ET. Shareholders as of the close of business on Nov. 20, 2020, will be entitled to receive notice of, to participate in, and to vote at the meeting. The offer must be approved by at least two-thirds of the votes cast by shareholders at the meeting and a majority of the votes cast by the holders of Class B Subordinate Voting Shares, other than the executive group, called the Family Shareholders. The offer is also subject to approval by the Québec Superior Court. If approved the company expects to complete the transaction in the first quarter next year, removing Dorel's stock from the Toronto Stock Exchange. 

You can read the entire story here.

Back to news and opinion index page for links to archived stories | Commentary