Description: Dorel Industries Inc. is selling its sports division to Dutch transportation conglomerate Pon Holdings B.V. for US$810 million as the Montreal-based company looks to reduce its debt load.
Source: BNNBloomberg.ca – video report
Date: Oct 12, 2021
Questions for discussion:
- Explain why this sale by the firm makes sense as a defensive maneuver against takeover actions by other firms.
- Why is it a good decision for the buyers?