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Dorel Industries shares rise after Cerberus raises takeover offer to $16 per share


The increased offer was unanimously approved by Dorel s board, with members of the Schwartz family recusing themselves.
The new offer is more than halfway between the fair market value of $14 to $17 per share set out in a formal evaluation by TD Securities Inc. as of Nov. 12.
The termination fees also have been increased. Dorel must now pay $15.6 million if Cerberus chooses not to exercise its right to match a superior proposal, up from a break fee of $14.1 million. The break fee the buyer must pay if it does not close the deal has been raised to $26 million, up from $23.6 million. ....

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Bicycle Market Size to Grow USD 28,667.3 Million by 2027 at a CAGR of 4.8%


The global bicycle market size was valued at USD 20,280.0 Million in 2019. According to the bicycle market analysis the market is estimated to reach USD 28,667.3 Million by 2027. The bicycle market forecasted a growing CAGR of 4.8% from 2021 to 2027.
Major factors driving the growth of bicycle market are:
The rise in disposable income and surge in consumer spending on the bicycle industry.
Rise in health consciousness among consumers and preference for bicycles as economical means of exercising and travelling short distances.
Increase in demand for electric bikes and cargo bikes as electric bikes are safe, easy to operate, are low in maintenance and no license required. ....

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