Air Canada has challenged Onex Corp's proposed acquisition of WestJet Airli...
), on grounds that the deal may not meet the country’s ownership rules, according to a letter sent by the carrier to the Canadian Transportation Agency.
Toronto-based Onex’s planned C$3.5 billion buyout of Calgary-based WestJet has received approval from the carrier’s shareholders and some regulators, but the agency is still reviewing whether the deal meets Canada’s protective ownership laws. The likely presence of Onex co-investors such as foreign wealth funds and carriers, and the “opaque nature” of the deal to buy WestJet through company subsidiary Kestrel Bidco, will make it harder to ensure compliance with ownership laws, Air Canada argued in the letter to the Canadian Transportation Agency, dated Aug. 15.participation introduces significant risk that non-Canadian co-investors will have control-in-fact of WestJet following the transaction,” Air Canada said.
Onex said in a statement that it “is engaged with the CTA on the regulatory approval process of our transaction.”
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Principal who accepted 'air hugs' during chemo returns to greet kids cancer-freeElementary school principal who had to pause his favorite ritual of shaking students' hands during chemotherapy returns to greet the kids -- only this time, he's cancer-free.
Leer más »
Pamela Anderson Urges Toronto Film Fest to End Canada Goose SponsorshipThe 'Baywatch' star takes her fight against Hollywood’s unofficial Parka brand to the star-studded event.
Leer más »
Demi Lovato Clears the Air on Those Taylor Swift Feud RumorsDemi Lovato says “life is too short for women to not support other women” (via toofab)
Leer más »
Put Down The Expensive Air Purifier And Pick Up One Of These Plants InsteadNo green thumbs needed.
Leer más »
More than 100 killed in air strike on Yemen prison: ICRCMore than 100 people are believed to have been killed in an air strike by the Saudi-led military coalition on a detention centre in Yemen, the International Committee of the Red Cross said Sunday. The coalition said it targeted a facility run by the Huthi rebels that "stores drones and missiles
Leer más »
Local TV station had to evacuate live on air during the shooting SaturdayAt least seven people were killed in a shooting West Texas rampage, which started with a traffic stop in West Texas. Follow here for the latest.
Leer más »