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Bike maker Cannondale Corp. has signed a stalking-horse agreement with secured lender Pegasus Partners II LP to sell its assets as part of its plan to file for Chapter 11 bankruptcy protection Tuesday, Jan. 28.
The Bethel, Conn.-based company didn't say where it would make its filing. But it did announce that it had also reached an agreement with lenders Pegasus and CIT/Business Credit Inc. on an unspecified debtor-in-possession funding so it can...