Being acquired by Dorel Industries of Canada, which also owns Pacific Cycles of GT/Mongoose/Schwinn fame. Let's hope the company can stay somewhat independent and maintain its innovation. Otherwise, it's a good outcome for Cannondale's shareholders.
http://www.cyclingnews.com/tech.php?id=tech/2008/news/02-05
http://www.cyclingnews.com/tech.php?id=tech/2008/news/02-05