Letko Brosseau is Pleased with the Termination of Dorel Industries Going Private Transaction
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MONTREAL, Feb. 16, 2021 /PRNewswire/ - Letko, Brosseau & Associates Inc., an independent investment manager that exercises investment control or direction over approximately 12.2% of the outstanding class B subordinate shares of Dorel Industries Inc. ( Dorel or the Company ), is pleased that the proposed going private transaction of Dorel by Cerberus Capital Management, L.P. and the controlling shareholders of the Company has been terminated.
We have every confidence in the management and strongly believe in the long-term potential of the Company.