Wednesday,  October 23, 2019  8:25 pm

Onex's WestJet acquisition to close in Q4 following Competition Bureau approval

  • Air
  •   08-14-2019  10:02 am

Onex's WestJet acquisition to close in Q4 following Competition Bureau approval

The Canadian Competition Bureau has granted unconditional approval for WestJet's proposed transaction with Onex Corporation by issuing a no-action letter.

READ MORE: 92.5% vote in favour of WestJet's Onex transaction

"Receiving unconditional approval from the Canadian Competition Bureau is another important step on our path to closing the transaction," said Ed Sims, president and CEO, WestJet. "We continue to engage with the relevant authorities on the remaining approvals."

The Arrangement is still subject to other conditions to closing, including receipt of the remaining regulatory approvals.

Further information regarding the arrangement is provided in WestJet's management information circular dated June 19, 2019. The transaction is expected to close in the fourth quarter of 2019.


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