11:33 AM EST - Dorel Industries Inc. : announced it has completed its previously-announced acquisition of the juvenile business of Hong Kong-based Lerado Group, one of the largest juvenile product manufacturers in China. The purchase price was HK$930 million ($120 million U.S.) and has been funded from the proceeds of its successful offering of $120 million U.S. of extendible convertible unsecured subordinated debentures. With the closing of the transaction, the maturity date of the Debentures is automatically extended to November 30, 2019. Dorel Industries Inc.
shares T.DII.B are trading up $0.48 at $35.50.
