Onex and WestJet: Local and global fall-out

摘要

IN MAY Onex, a private equity fund, made a successful bid for West-Jet, offering C$3-5bn (US$2.6bn), orC$31 pershare, roughly 67% above the C$2.1bn that the Toronto stock-market had been valuing the airline at for the past year. This is a development that will not only shake up the Canadian market but could have wider repercussions for international competition.