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A WestJet 787-9 prepares for a test flight at Paine Field. (Photo: AirlineGeeks | Katie Bailey)

WestJet Shareholders Approve Onex Acquisition

During a special meeting held at WestJet’s headquarters in Calgary on Tuesday, airline shareholders and option holders overwhelmingly voted to approve the acquisition agreement reached by WestJet and Onex Corporation (Onex) on May 12, 2019. Under the terms of the purchase, Onex and its affiliated funds will acquire all outstanding shares of WestJet for $31.00 per share. Within a day of the initial announcement in May, WestJet’s stock rose 67 percent to $22.38 and as of Friday, July 26, the…