Canada's Chorus Aviation receives takeover proposal
(Reuters) - Canadian aircraft repair and overhaul services provider Chorus Aviation <CHR.TO> said on Friday it had received a non-binding acquisition proposal from a third party.
Dartmouth-based Chorus, however, said there can be no assurance that any transaction will occur.
Shares of Chorus, which has a market value of about C$383 million ($292 million), rose nearly 7% before being halted.
(Reporting by Arundhati Sarkar in Bengaluru; Editing by Maju Samuel)