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Opposition mounting to Cerberus s offer to take Dorel private

The Globe and Mail Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account Getting audio file . This translation has been automatically generated and has not been verified for accuracy. Full Disclaimer Opposition is mounting to an offer by Cerberus Capital Management and the controlling shareholders of Dorel Industries Inc. to take the company private as the clock ticks down to a scheduled vote on the proposed deal next week. In a report published Monday, proxy advisory firm Institutional Shareholder Services (ISS) urges Dorel investors to vote against the proposed transaction, saying the future prospects for the manufacturer of bicycles and baby products outweigh the $16-a-share price they’re being offered to sell.

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