|Bid||77.68 x 0|
|Ask||77.70 x 0|
|Day's Range||77.21 - 79.10|
|52 Week Range||71.28 - 99.82|
|Beta (3Y Monthly)||0.50|
|PE Ratio (TTM)||2.43|
|Earnings Date||Aug 7, 2019 - Aug 12, 2019|
|Forward Dividend & Yield||0.40 (0.51%)|
|1y Target Est||94.64|
WestJet and Onex entered into a definitive agreement on May 12, 2019, for the proposed acquisition of WestJet by Onex under a plan of arrangement pursuant to which each outstanding share of WestJet will be exchanged for $31.00 in cash (the "Arrangement").
All amounts in U.S. dollars unless otherwise stated TORONTO, June 03, 2019 -- Onex Corporation (“Onex”) (TSX: ONEX) and Gluskin Sheff + Associates Inc. (“Gluskin Sheff”) (TSX:.
Every portfolio needs diversity, and Horizons S&P/TSX 60 Index (TSX:HXT), Onex Corporation (TSX:ONEX), and VieMed Healthcare Inc. (TSX:VMD) have it in spades.
Toronto's stock market will nudge higher over the rest of the year, but investors will need to wait until the second half of 2020 for the index to better April's record peak as global trade tensions weigh on company earnings, a Reuters poll found. The median forecast from a survey of 26 portfolio managers and strategists polled was for the Toronto market to rise 1.3% from last week's close to 16,445 by December. "It looks like we have moved into a common seasonal soft patch that could run through to October depending on how long it takes to get U.S.-China trade talks and Brexit sorted out," said Colin Cieszynski, chief market strategist at SIA Wealth Management.
The Canadian private-equity firm Onex is buying WestJet for an eye-popping valuation. Here’s what that could mean for U.S. carriers.
Buyout firm Onex Corp pitched its offer at a rich 67% premium to the stock's Friday closing price, which would make it the world's biggest private equity-backed airline acquisition, according to Refinitiv data. Onex saw an opportunity in Canada's aviation market duopoly to build up the Calgary-based low-cost carrier against Air Canada, even in a country where high commercial aviation fees and surcharges are regularly derided by airlines, a source familiar with Onex's thinking told Reuters. "WestJet is a rather unique opportunity in a market dominated by (Air Canada)," said a second industry source.
The surprise offer for C$31 a share, a 67% premium to their closing price on Friday, sparked a surge in WestJet shares, which closed up 60% at $29.61. If completed, it would be the biggest private equity deal ever for an airline, according to Refinitiv data. If Onex obtains shareholder and regulatory approvals, the deal would help Schwartz get his hands on an airline two decades after he missed out on buying Air Canada, WestJet's bigger rival.
WestJet Airlines Ltd. (“WestJet”)(WJA.TO) announced today it has entered into a definitive agreement that provides for its acquisition in an all-cash transaction. Under the terms of the agreement, Onex Corporation (“Onex”)(ONEX.TO) and its affiliated funds will acquire all outstanding shares of WestJet for $31.00 per share, after which WestJet will operate as a privately-held company. The transaction value is approximately $5 billion including assumed debt.
All amounts in U.S. dollars unless otherwise stated TORONTO, May 10, 2019 -- Onex Corporation (“Onex”) (TSX: ONEX) confirms all nominees set forth in the management.
All amounts in U.S. dollars unless otherwise stated TORONTO, May 10, 2019 -- Onex Corporation (TSX: ONEX) today announced its financial results for the first quarter ended.
All amounts in U.S. dollars unless otherwise stated TORONTO, May 09, 2019 -- Onex Corporation (TSX: ONEX) today announced its Board of Directors has approved a 14% increase.
Onex Corporation (“Onex”) (ONEX.TO) today announced Onex Partners V and a consortium of co-investors have committed to invest $1.8 billion in Convex Group Limited (“Convex”), of which approximately $1.6 billion has been funded. “We’re very excited to partner with Stephen, Paul and the rest of the Convex team. They have a reputation for disciplined underwriting and strong relationships as well as a multi-decade track record of delivering market outperformance,” said Bobby Le Blanc, a Senior Managing Director of Onex.
All amounts in U.S. dollars unless otherwise stated TORONTO, April 17, 2019 -- Onex Corporation (TSX: ONEX) will release its results for the first three months ended March 31,.
Onex Corporation (“Onex”) (ONEX.TO) announced today it has filed with Toronto Stock Exchange, and the Exchange has accepted, a Notice of Intention to make a Normal Course Issuer Bid permitting Onex to purchase for cancellation up to 10% of the public float in its Subordinate Voting Shares, or 8,213,787 shares. There are 99,785,058 Subordinate Voting Shares issued and outstanding and the public float as at March 31, 2019 was 82,137,873 shares. Onex may buy back shares from time to time during the next twelve months.