In today’s CyclingTips Daily News Digest: Colbrelli wins De Brabantse Pijl; Cavendish diagnosed with mononucleosis from Epstein Barr; Two riders on Czech Continental team test positive, possible team sanction; British Cycling independent review report release delayed again; Wout van Aert to race all the Spring Classics?; In memory of Mike Hall, the man who inspired a world of cyclists; Dibben ‘finished’ Paris-Roubaix despite time cut; No more hippies and explorers: a lament for the changed world of cycling; Could financial problems in Bahrain affect team?; Pon Holdings looking to acquire Accell Group; E-bike legislation signed into law in Colorado; Video: Night Riders by Racing Club; Track Cycling: What is the Omnium?
Your Thursday Daily News Digest
Pon Holdings has offered 845 million euros to purchase Accell Group, owners of brands such as Lapierre, Raleigh and Diamondback. Pon owns Cervélo, Santa Cruz and Focus, along with Gazelle, the largest Dutch bike brand.
“After a detailed assessment of the strategy and performance of Accell Group, Pon Holdings has concluded there is an excellent strategic fit between the bike activities of both companies with benefits for all stakeholders,” Pon said in a statement.
“The combination results in the world’s leading global bicycle company, with headquarters in the Netherlands and with sufficient scale to be the long term winner in the industry.”
“In anticipation of market rumours, Accell Group announces that it has received a non-binding, conditional proposal from Pon Holdings to combine Accell Group with its own bicycle activities,” a statement from Accell Group said. “The proposal concerns a public offer for all issued and outstanding shares of Accell Group at an indicative offer price of €32.72 per share in cash, including the 2016 proposed dividend of €0.72.”
The price per share is 27 percent more than its closing price of 26.53 euros as of Monday.