News Formal

WestJet shareholders approve airline's acquisition by Onex Corp.

  • 📰 CTVNews
  • ⏱ Reading Time:
  • 8 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 99%

Business News News

Business Business Latest News,Business Business Headlines

WestJet Airlines Ltd. says its shareholders and optionholders voted to approve a proposed acquisition by Onex Corporation.

The Calgary-based airline says 92.5 per cent of those who voted did so in favour of the transaction at a special meeting held Tuesday.The deal would see the airline, which has been listed for about two decades on the Toronto Stock Exchange, operate as a privately held company.

WestJet CEO Ed Sims says in a statement that receiving this support is a key step on the path to closing the transaction.Related Stories

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Aimia sues largest shareholder, alleges it engineered ‘covert campaign’ to gain control of companyAimia seeks $50 million for alleged breach of contract and an order to stop Mittleman Brothers from taking steps to ‘remove or replace’ its directors
Source: nationalpost - 🏆 10. / 80 Read more »