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Letko Brosseau Reiterates its Commitment to Transat A.T. Inc.


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MONTREAL, May 14, 2021 /PRNewswire/ - Letko, Brosseau & Associates Inc., an independent investment manager that exercises investment control or direction over approximately 12.4% of the shares of Transat A.T. Inc. ( Transat or the Company ), provides the following comments about the Company.
Letko Brosseau has been a shareholder of the Company for many years. Our firm has a long-term investment horizon and views the current challenges the Company faces as temporary. The Company has successfully completed a $700 million financing with the Government of Canada which is expected to provide the resources to deal with the business interruption experienced due to the COVID-19 pandemic. In addition, as Canada completes its national vaccination program against COVID-19, travel will resume. ....

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'Business as usual' for Dorel Industries after terminating go-private deal | iNFOnews


The corporate logo for Dorel Industries Inc. is shown in this handout photo. THE CANADIAN PRESS/HO
February 15, 2021 - 12:24 PM
MONTREAL - Dorel Industries Inc. says it will continue to pursue its business strategy going forward after terminating an agreement to go private after discussions with shareholders.
Moving ahead. Business as usual, a spokesman for the company said in an email on Monday.
A group led by Cerberus Capital Management had previously agreed to buy outstanding shares of Dorel for $16 apiece, except for shares owned by the family that controls the company s multiple-voting shares.
But Dorel chief executive Martin Schwartz said the Montreal-based maker of car seats, strollers, bicycles and home furniture pulled the plug on a deal on the eve of Tuesday s special meeting after reviewing votes from shareholders. ....

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Cerberus Fails in Bid for Canadian Toymaker as Investors Say No


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(Bloomberg) Cerberus Capital Management LP and the founding family of Dorel Industries Inc. terminated their bid to take private the Canadian toy and bicycle maker after it failed to win enough support from shareholders.
Dorel said Monday the buyers pulled the plug on the C$453 million ($357 million) deal after examining the proxy votes that came in by Friday’s deadline. A shareholder meeting had been scheduled for Tuesday morning on the C$16-a-share bid.
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Cerberus Fails in Bid for Canadian Toymaker as Investors Say No Back to video ....

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