The Canadian Press - ONLINE EDITION

Gerald Schwartz sells one million shares of Onex, remains top shareholder

  • Print

TORONTO - Gerald Schwartz has sold one million shares of Onex Corp. (TSX:OCX) for a total of $56.5 million but remains the investment company's largest shareholder.

Onex is a broadly diversified Toronto-based company that has direct and indirect investments in dozens of companies including Celestica Inc. (TSX:CLS).

Schwartz continues to own about 20.1 million Onex subordinate voting shares — about 17.8 per cent of the total.

He announced the private transaction late Monday. The shares were sold through New PCo Investments Ltd., a company controlled by Schwartz, for $56.50 per share.

The stock hit a record high of $58.50 on Nov. 18. Onex shares have been publicly traded since Jan. 12, 1995, when they opened at $13.13.

Fact Check

Fact Check

Have you found an error, or know of something we’ve missed in one of our stories?
Please use the form below and let us know.

* Required
  • Please post the headline of the story or the title of the video with the error.

  • Please post exactly what was wrong with the story.

  • Please indicate your source for the correct information.

  • Yes

    No

  • This will only be used to contact you if we have a question about your submission, it will not be used to identify you or be published.

  • Cancel

Having problems with the form?

Contact Us Directly
  • Print

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or e-edition subscriber to join the conversation and give your feedback.

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or e-edition subscriber to join the conversation and give your feedback.

Have Your Say

New to commenting? Check out our Frequently Asked Questions.

Have Your Say

Comments are open to Winnipeg Free Press print or e-edition subscribers only. why?

Have Your Say

Comments are open to Winnipeg Free Press Subscribers only. why?

The Winnipeg Free Press does not necessarily endorse any of the views posted. By submitting your comment, you agree to our Terms and Conditions. These terms were revised effective April 16, 2010.

letters

Make text: Larger | Smaller

LATEST VIDEO

Mayor Bowman reacts to Caspian investigation

View more like this

Photo Store Gallery

  • Marc Gallant / Winnipeg Free Press.  Local/Weather Standup- Catching rays. Prairie Dog stretches out at Fort Whyte Centre. Fort Whyte has a Prairie Dog enclosure with aprox. 20 dogs young and old. 060607.
  • A young gosling flaps his wings after taking a bath in the duck pond at St Vital Park Tuesday morning- - Day 21– June 12, 2012   (JOE BRYKSA / WINNIPEG FREE PRESS)

View More Gallery Photos

Poll

Now that former cabinet minister Theresa Oswald has entered the NDP leadership race, do you believe the "gang of five" rebel ministers were right to publicly criticize Premier Greg Selinger's leadership?

View Results

View Related Story

Ads by Google