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Update on the Cannondale Bankruptcy auction?(3 posts)

Update on the Cannondale Bankruptcy auction?dawgcatchr
Mar 23, 2003 7:33 PM
Anyone know the fate of Cannondale? I heard the auction for their assets was scheduled for Saturday the 22nd, but not sure if that is correct or not.
Here you go...jtferraro
Mar 23, 2003 8:23 PM
Pegasus purchases Cannondale
Cannondale Corp. was purchased by its largest secured creditor Thursday and current plans include keeping manufacturing in Bedford. An affiliate of Pegasus Partners II, a Connecticut-based private investment firm, will purchase the company for an undisclosed amount. Pegasus had the top bid at a "vigorous auction" held at Cannondale's Bethel, Conn., headquarters, Thursday and the sale is subject to U.S. Bankruptcy Court approval.

-Jeff
see my post about 1/2 way down page complete article(nm)abicirider
Mar 24, 2003 5:33 AM