The Canadian Press - ONLINE EDITION
Posted: 11/26/2013 6:01 AM | Comments: 0
Last Modified: 11/26/2013 8:23 AM
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.
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.
Having problems with the form?Contact Us Directly
Nepal quake: Over 1,000 dead, history razed, Everest shaken
Selinger silent on builder’s rush job claim
Police investigate suspicious overnight downtown death
The Cuban way: Life after 'El Bloqueo'
Man in hospital after overnight Windsor Park crash
High of 13 on Saturday, warmer on Sunday
Fowler wins women's senior curling gold
You're all invited to a kick-off party
Farmers plowed under
Where are they...
Balanced budget off the table until 2018: NDP
Cash for nursing students in need
Pick 3: Blue in position to solidify future in draft