Dorel Industries has postponed an extraordinary shareholders meeting for a vote on the company’s sale to Cerberus Capital Management, granting some more time to consider the terms and conditions of the deal. The meeting will take place on Feb. 16 instead of Jan. 12. A special committee consisting of six independent directors recommended the postponement in view of the effects that the second wave of the Covid-19 pandemic might have on Dorel’s operations and financial results. Dorel’s share price went up to nearly C$15 Canadian dollars on Dec. 29, up from the price of C$14.50 offered by Cerberus to take the company private. One major shareholder had felt that the offer was too low. Dorel’s assets include major bike brands such as Cannondale, GT Bicycles, Schwinn, Mongoose and Caloi.