Toronto-based private-equity firm Onex Capital will purchase Canadian LCC WestJet in an all-cash deal valued at C$3.5 billion ($2.6 billion), the companies announced May 13. Including WestJet’s debt, the transaction’s value is C$5.1 billion. The deal, which requires Canadian regulatory approval, is expected to close in late 2019 or early 2020. The agreement’s terms call for Onex to pay C$31 per share for WestJet and take it private. WestJet’s shares closed at ...

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