[calgarygeologist]

Originally Posted by Bigtime

Wow, this came out of nowhere this morning:

WestJet is being acquired by Onyx for $5 billion. Will operate as a private entity going forward.


https://blog.westjet.com/westjet-to-...uired-by-onex/

In my opinion this makes little sense. I'm not sure why the board would accept this offer. I wonder if the Government will approve this deal. I'm assuming that will be the most difficult process in this acquisition.

Edit: I didn't realize that Onex was a Canadian firm so the regulatory approval might be somewhat less difficult than I initially expected. I thought they were a foreign entity which would have created issues for sure.