Acquisition of Qantas Airways Limited.

0 Comments | M2 Presswire, December, 2006

M2 PRESSWIRE-15 December 2006-News Flash: Acquisition of Qantas Airways Limited(C)1994-2006 M2 COMMUNICATIONS LTD RDATE:15122006 Onex (TSX: OCX) has grown to become one of Canada's largest companies by acquiring attractive businesses and building them in partnership with management.. Shares are up $.43 reaching a high of $29.08 on a volume of over 1 million in the morning trading.

Today's momentum came in as Onex Corporation (TSX:OCX) announced that, together with its partners in Airline Partners Australia, it has entered into an agreement with Qantas Airways Limited (ASX:QAN) to acquire 100 of the company for A$5.60 (C$5.10) per share, for a total equity purchase price of A$11.2 billion (C$10.2 billion). MarketGainer.com is quickly emerging as one of...

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