Dorel Industries, the Canadian company known in our sector for its numerous bike brands (Caloi, Cannondale, GT, Mongoose, Schwinn, etc.) and also involved in home products and juvenile furniture, has reached an agreement in principle with various investors that would take it out of the Toronto Stock Exchange. In the deal, which is backed by Cerberus Capital Management and due to be formalized by Nov. 10, shareholders are to be offered $14.50 per share. This would value the group at about $450 million, 32 percent more than on Sept. 4, when Cerberus was given exclusivity to make the offer. After a major reorganization that started to pay off last year, members of the Schwartz family, who hold many of company’s executive positions, had informed the board that they were pursuing this transaction last December, when Dorel was trading at $6 a share. The stock price tumbled to $1.25 when the coronavirus pandemic hit the economy, but the recent boom in the bike market has led to much better results lately. If the new deal goes through, the Schwartz family will still keep about 19 percent of Dorel’s shares and 60 percent of the voting rights.