MEC members say they're betrayed, disappointed by U.S. acquisition

Citing disappointment and betrayal, members of Mountain Equipment Co-op, Canada's largest consumer co-operative, are mobilizing in reaction to news that the iconic outdoor brand is on the cusp of being acquired by a U.S. investment firm. 

On Monday, the board of directors announced it had unanimously approved a deal for Kingswood Capital Management, an Los Angeles-based private investor to acquire MEC's assets, including the majority of its retail stores.

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