![]() | Onex Corporation Announces C$5 Billion acquisition of WestJet Airlines Ltd. |
2019
Areas | Banking and Finance Law, Competition, Antitrust and Foreign Investment, Corporate Finance and Securities, Employment and Labour, Mergers and Acquisitions, Pensions, Tax |
Summary
Goodmans LLP acts as counsel to Onex Corporation (“Onex”) in connection with its announcement that they have entered into a definitive agreement in which Onex will acquire all outstanding shares of WestJet in an all-cash transaction valued at CDN $5 billion. Under the terms of the agreement, Onex will acquire each WestJet share for $31.00, after which WestJet will operate as a privately-held company.