https://www.cbc.ca/news/canada/calga...pany-1.5133465
WestJet says it has agreed to be acquired by Onex Corporation and will become a private company in a deal valued at $5 billion.
Under the agreement announced Monday, Onex will pay $31 per share for WestJet, which will continue to operate as a privately held company.
Shares in the airline closed at $18.52 on Friday.
"I am particularly pleased that WestJet will remain headquartered in Calgary and will continue to build on the success that our 14,000 WestJetters have created," said Clive Beddoe, WestJet's founder and chairman in a news release.
"Onex' aerospace experience, history of positive employee relations and long-term orientation makes it an ideal partner for WestJetters, and I am excited about our future."
The deal comes after Onex approached the airline in March.