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Onex Corp (ONEX.TO)

ONEX.TO on Toronto Stock Exchange

77.97CAD
24 Jun 2019
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Latest Key Developments (Source: Significant Developments)

Onex - Westjet To Be Acquired By Co At a Transaction Value of $5 bln Including Debt
Monday, 13 May 2019 

May 13 (Reuters) - Onex Corp ::WESTJET TO BE ACQUIRED BY ONEX.ONEX CORP - DEAL FOR $31.00 PER SHARE.ONEX CORP - TRANSACTION VALUE IS APPROXIMATELY $5 BILLION INCLUDING ASSUMED DEBT..ONEX CORP - INVESTMENT WILL BE LED BY ONEX PARTNERS, ONEX' PRIVATE EQUITY PLATFORM FOCUSED ON LARGER INVESTMENT OPPORTUNITIES.ONEX CORP - DEAL IS AN ALL-CASH TRANSACTION..ONEX - WESTJET IS PERMITTED TO CONTINUE PAYING ITS REGULAR QUARTERLY CASH DIVIDEND CONSISTENT WITH ITS DIVIDEND POLICY AND PAST PRACTICE UNTIL CLOSING.ONEX - PURCHASE PRICE REPRESENTS A 67% PREMIUM TO FRIDAY'S CLOSING SHARE PRICE AND 63% PREMIUM TO WESTJET'S 20-DAY VOLUME-WEIGHTED AVERAGE TRADING PRICE.ONEX CORP - WESTJET WILL OPERATE AS A PRIVATELY-HELD COMPANY AFTER COMPLETION OF DEAL.ONEX CORP - WESTJET WILL REMAIN HEADQUARTERED IN CALGARY.ONEX CORP - FOLLOWING AN APPROACH BY ONEX IN MARCH 2019, WESTJET BOARD OF DIRECTORS FORMED A SPECIAL COMMITTEE OF INDEPENDENT DIRECTORS.ONEX - AFTER EXTENSIVE REVIEW OF PROPOSED DEAL, WESTJET SPECIAL COMMITTEE PROVIDED UNANIMOUS RECOMMENDATION OF TRANSACTION TO WESTJET BOARD.ONEX CORP - WESTJET HAS AGREED TO PAY A FEE TO PURCHASER UPON TERMINATION OF AGREEMENT IN CERTAIN CIRCUMSTANCES.ONEX CORP - PURCHASER HAS AGREED TO PAY A FEE TO WESTJET, IF PURCHASER IS NOT IN A POSITION TO FUND CLOSING OF TRANSACTION..ONEX CORP - ADDITIONAL ADVISORY AND FINANCING FOR DEAL PROVIDED BY MORGAN STANLEY AND RBC CAPITAL MARKETS..ONEX CORP - ALL AMOUNTS IN CANADIAN DOLLARS UNLESS OTHERWISE STATED.  Full Article

Onex Files Normal Course Issuer Bid
Tuesday, 16 Apr 2019 

April 16 (Reuters) - Onex Corp ::ONEX FILES NORMAL COURSE ISSUER BID.ONEX CORP - BID PERMITTING ONEX TO PURCHASE FOR CANCELLATION UP TO 10% OF PUBLIC FLOAT IN ITS SUBORDINATE VOTING SHARES, OR 8.2 MILLION SHARES.ONEX CORP - ONEX MAY BUY BACK SHARES FROM TIME TO TIME DURING NEXT TWELVE MONTHS.ONEX CORP-NCIB WILL COMMENCE ON APRIL 18, 2019, WILL CONCLUDE ON EARLIER OF DATE ON WHICH PURCHASES UNDER BID HAVE BEEN COMPLETED AND APRIL 17, 2020.  Full Article

Onex To Acquire Gluskin Sheff
Friday, 22 Mar 2019 

March 22 (Reuters) - Onex Corp ::ONEX AGREES TO ACQUIRE GLUSKIN SHEFF.ONEX CORP - DEAL FOR APPROXIMATELY C$445 MILLION..ONEX CORP - DEAL FOR C$14.25 PER SHARE..ONEX CORP - GLUSKIN SHEFF WILL CONTINUE TO BE LED BY ITS EXISTING LEADERSHIP TEAM AND OPERATE UNDER ITS BRAND.ONEX - SOME MEMBERS OF GLUSKIN SHEFF SENIOR MANAGEMENT AGREED TO ROLL-OVER SIGNIFICANT PORTION OF SHARES INTO ONEX SUBORDINATE VOTING SHARES.ONEX CORP - NUMBER OF GLUSKIN SHEFF SHARES EXPECTED TO ROLL-OVER IS APPROXIMATELY 7% OF GLUSKIN SHEFF SHARES OUTSTANDING.ONEX CORP - TERMINATION FEE OF C$13.3 MILLION WILL BE PAYABLE BY GLUSKIN SHEFF TO ONEX SHOULD TRANSACTION NOT CLOSE IN CERTAIN CIRCUMSTANCES.  Full Article

Onex Corp Q4 Net Earnings $88 Mln Vs $304 Mln A Year Earlier
Friday, 1 Mar 2019 

March 1 (Reuters) - Onex Corp ::ONEX REPORTS FULL-YEAR 2018 RESULTS.ONEX CORP - ON A CONSOLIDATED BASIS FOR Q4, REVENUES INCREASED BY 4% TO $6.1 BILLION COMPARED TO SAME PERIOD OF PRIOR YEAR.ONEX CORP - NET EARNINGS FOR Q4 OF 2018 WAS $88 MILLION COMPARED TO $304 MILLION IN SAME QUARTER OF 2017.  Full Article

Onex Q3 Revenue $6.6 Billion
Friday, 9 Nov 2018 

Nov 9 (Reuters) - Onex Corp ::ONEX REPORTS THIRD-QUARTER 2018 RESULTS.Q3 REVENUE ROSE 3 PERCENT TO $6.6 BILLION.QTRLY NET LOSS PER SUBORDINATE VOTING SHARE $4.22.  Full Article

Oncap Acquires Walter Surface Technologies
Thursday, 20 Sep 2018 

Sept 20 (Reuters) - Oncap ::ONCAP ACQUIRES WALTER SURFACE TECHNOLOGIES.TERMS OF THE TRANSACTION ARE NOT BEING DISCLOSED .  Full Article

Sig Combibloc CEO Says Onex Will Be Under Market-Typical Lockup Period After IPO
Monday, 3 Sep 2018 

Sept 3 (Reuters) - Sig Combibloc Group Ag [RIC:RIC:SIGN.UL]::CEO SAYS FOCUS IS ON ORGANIC GROWTH, SAYS INDUSTRY IS LARGELY CONSOLIDATED.CEO SAYS ONEX WILL BE UNDER MARKET-TYPICAL LOCKUP PERIOD FOLLOWING IPO.  Full Article

Onex Reports Net Loss For Q2 Of 2018 Was $262 Mln
Thursday, 9 Aug 2018 

Aug 9 (Reuters) - Onex Corp ::ONEX REPORTS SECOND-QUARTER 2018 RESULTS.ONEX CORP - ON A CONSOLIDATED BASIS FOR Q2, REVENUES INCREASED BY 4% TO $6.4 BILLION.ONEX CORP - NET LOSS FOR Q2 OF 2018 WAS $262 MILLION COMPARED TO NET EARNINGS OF $2.7 BILLION.ONEX CORP - ASSETS UNDER MANAGEMENT IN CREDIT PLATFORM UP BY ABOUT $700 MILLION YTD AT $10.5 BILLION AT QUARTER-END.  Full Article

H.I.G. Capital Announces Sale Of Kidsfoundation
Thursday, 19 Jul 2018 

July 19 (Reuters) - H.I.G. Capital::H.I.G. CAPITAL ANNOUNCES THE SALE OF KIDSFOUNDATION.SAYS DEAL TERMS WERE NOT DISCLOSED.  Full Article

Onex Credit Partners Prices Its 15th U.S. Collateralized Loan Obligation For About $615 Mln
Thursday, 24 May 2018 

May 24 (Reuters) - Onex Corp ::ONEX CORP - ONEX CREDIT PARTNERS LLC PRICED ITS 15TH U.S. COLLATERALIZED LOAN OBLIGATION FOR ABOUT $615 MILLION.  Full Article

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Onex's WestJet buyout gets nod from Canada's Transport Minister

Private equity firm Onex Corp said on Monday its C$3.5 billion buyout offer for WestJet Airlines Ltd received approval from Canada's Minister of Transport, clearing the first of several regulatory hurdles.