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Dorel Announces Increase in Purchase Price for Going-Private Transaction


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MONTRÉAL, Feb. 01, 2021 (GLOBE NEWSWIRE) Dorel Industries Inc. (TSX:DII, DII.A)) (
Dorel ) announces that it has entered into an amendment   (the
Amending Agreement ) to the arrangement agreement dated November 12, 2020 (the 
Arrangement Agreement ) under which a buyer group (the 
Buyer Group ) led by an affiliate of funds managed by Cerberus Capital Management, L.P. (
Cerberus ) has agreed to acquire, for an increased purchase price of C$16.00 in cash per share, all of Dorel s issued and outstanding Class A Multiple Voting Shares and Class B Subordinate Voting Shares, except for an aggregate of 4,009,410 Class A Multiple Voting Shares and 2,573,503 Class B Subordinate Voting Shares owned by Martin Schwartz, Alan Schwartz, Jeffrey Schwartz, Jeff Segel and certain members of their respective immediate families (collectively, the ....

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