May 13, 2019 / 12:12 PM / 5 months ago

WestJet to go private in C$5 billion deal

May 13 (Reuters) - Canada’s WestJet Airlines Ltd said on Monday it will be acquired by private equity firm Onex Corp in an all-cash deal valued at C$5 billion ($3.72 billion), including debt.

Under the terms of the agreement, WestJet shareholders will receive C$31 for each share held. ($1 = 1.3443 Canadian dollars) (Reporting by Debroop Roy in Bengaluru; Editing by Arun Koyyur)

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