A private play: Onex bids $2.3 billion to take over Labatt
Article Abstract:
Onex Corp has tendered a $24/share takeover offer for John Labatt Ltd. If Onex's leveraged buyout succeeds, it will almost certainly sell off most of Labatt's diverse interests, which include the Toronto Argonauts football club and The Sports Network. Labbatt's management is resisting the takeover.
Publication Name: Maclean's
Subject: News, opinion and commentary
ISSN: 0024-9262
Year: 1995
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Takeover turmoil
Article Abstract:
Labatt CEO George Taylor is attempting to find a buyer to outbid Onex, which he believes is attempting to 'steal' Labatt's assets. Onex CEO Gerald Schwartz accuses Labatt of a secret deal that would cause Labatt's 22% holding of a Mexican brewer to fall apart if any hostile bidder wins Labatt.
Publication Name: Maclean's
Subject: News, opinion and commentary
ISSN: 0024-9262
Year: 1995
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Sacred pensions in play
Article Abstract:
The Ontario Teachers Pension Plan Board has made a very substantial investment in support of Onex Corp's hostile takeover offer for John Labatt Ltd. The Ontario pension fund is one of several in Canada that have joined in risky takeover battles in search of lucrative rates of return.
Publication Name: Maclean's
Subject: News, opinion and commentary
ISSN: 0024-9262
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
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