The corporate logo for Dorel Industries Inc. is shown in this handout photo. THE CANADIAN PRESS/HO February 15, 2021 - 12:24 PM
MONTREAL - Dorel Industries Inc. says it will continue to pursue its business strategy going forward after terminating an agreement to go private after discussions with shareholders. Moving ahead. Business as usual, a spokesman for the company said in an email on Monday.
A group led by Cerberus Capital Management had previously agreed to buy outstanding shares of Dorel for $16 apiece, except for shares owned by the family that controls the company s multiple-voting shares.
But Dorel chief executive Martin Schwartz said the Montreal-based maker of car seats, strollers, bicycles and home furniture pulled the plug on a deal on the eve of Tuesday s special meeting after reviewing votes from shareholders.
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MONTREAL - Dorel Industries Inc. says it will continue to pursue its business strategy going forward after terminating an agreement to go private after
The number of new cases reported daily across the country is continuing to trend down, Tam said in a statement. But she warned that these trends could reverse quickly and that new variants could rapidly accelerate transmission of COVID-19 in Canada. It is crucial, she added, that strong measures are kept in place in order to maintain a steady downward trend.
In Ontario, which reported 1,265 new COVID-19 cases and 33 more deaths on Monday, Health Minister Christine Elliott said variants of concern are spreading in the province and all positive COVID-19 tests in Ontario are now being screened for known variants.
The founder of Alimentation Couche-Tard walked away empty-handed Friday after trying to convince France's finance minister to drop his objection to it acquiring grocery giant Carrefour. Alain Bouchard met with Bruno Le Maire in Paris.