Onex Corporation Announces $5 Billion acquisition of WestJet Airlines Ltd.

Goodmans LLP acted 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.