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BRIEF-NORTH WEST COMPANY INC TO ACQUIRE NORTH STAR AIR
April 28, 2017 / 2:58 PM / 7 months ago

BRIEF-NORTH WEST COMPANY INC TO ACQUIRE NORTH STAR AIR

April 28 (Reuters) - North West Company Inc

* THE NORTH WEST COMPANY INC TO ACQUIRE NORTH STAR AIR

* NORTH WEST WILL PAY FOR PURCHASE PRICE AND FOLLOW-ON INVESTMENTS IN CASH, FINANCED THROUGH EXISTING CREDIT FACILITIES

* DEAL FOR CAD$31 MILLION

* EXPECTS TO MAKE IMMEDIATE FOLLOW-ON INVESTMENTS OF APPROXIMATELY CAD$14 MILLION FOR ADDITIONAL AIRPLANE AND HUB CAPACITY

* IN AGGREGATE, INVESTMENTS EXPECTED TO DELIVER ABOUT $8 MILLION OF EBITDA PLUS ABOUT $2 MILLION IN AVOIDED CARRIER COST INCREASES Source text for Eikon: Further company coverage:

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