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Goodmans represents Onex Corporation in its $960 million acquisition of Husky Injection Molding Systems Ltd.

October-2-2007

Area Commercial Real Estate, Mergers and Acquisitions, Employment and Labour, Intellectual Property , Tax, Pensions

Details


On September 28, 2007, Onex Corporation announced that it entered into a support agreement to acquire Husky Injection Molding Systems Ltd.  The total equity value of the transaction is approximately $960 million. Husky's Board of Directors is recommending that shareholders vote to approve the transaction.

Unter the terms of the transaction, Onex will acquire all of the issued and outstanding common shares of Husky for $8.18 cash per common share.

The transaction will be carried out by way of a statutory plan of arrangement that is subject to court, shareholder and normal regulatory approvals. Husky expects to hold a meeting of shareholders to consider the proposal on or about Thursday, December 6, 2007, and if approved, to complete the sale by mid-December 2007.

Goodmans LLP is representing Onex Corporation in the transaction.