Not sure if this was posted...
http://story.news.yahoo.com/news?tmp...e_bankruptcy_2
Business - Reuters
Bike Maker Cannondale Files for Ch. 11
Mon Jan 27, 3:40 PM ET
BETHEL, Conn. (Reuters) - Bicycle maker Cannondale Corp. (NasdaqNM:BIKE - news) said on Monday it intends to file a voluntary petition for reorganization under Chapter 11, citing problems with its motorsports unit.