The shareholders of Dorel Industries, the parent company of Cannondale, GT, Schwinn and other bike brands, will hold a virtual extraordinary meeting on Jan. 12 to vote on the offer by Cerberus Capital Management to take the company private at a price if C$14.50 per share. Dorel’s board of directors and members of the controlling Schwarz family are in favor of the deal, but it has to be approved by at least half of the Class B shareholders. At least one major shareholder, Letko, Brosseau & Associates, thinks that the offer undervalues Dorel.

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