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Thread: Air Canada challenges Onex takeover of WestJet as ‘not Canadian’
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Old Sep 4, 2019, 9:17 am
  #8  
Jagboi
 
Join Date: Feb 2009
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Originally Posted by WestAust
The issue with Onex bid for WestJet is where the money comes from, even if ONEX is a Private Equity Fund based in Canada, they can have investors from all over the world, and AC argument is : will the investors in the Onex fund used to purchase Westjet be above the 50% threshold of canadian funds, and not going over the property limit from one owner.
That could be a slippery slope for AC - can they prove that 50% of the cash behind their shareholders is based in Canada?
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