DARRYL DYCK/The Canadian Press
In a joint statement, the companies said Onex will pay $31 a share for Calgary-based WestJet, a 67-per-cent premium over Friday’s closing price. The deal was announced before markets opened on Monday. WestJet shares closed on Friday at $18.52 in Toronto.WestJet’s stock price is down by 17 per cent in the past 12 months amid rising fuel costs and soft revenues.
globebusiness Should we expect an airfares increase to pay for the purchase?