WestJet shareholders approve Onex takeover

The shareholders and option holders of WestJet airlines have overwhelmingly voted to approve its previously announced proposed transaction with Onex Corporation.  More than 92.5% of shareholders and optionholders who voted were in favour of the proposed transaction. WestJet and Onex entered into a definitive agreement on May 12, for the proposed acquisition of WestJet by Onex, following which WestJet will operate as a privately-held company. Ed Sims, WestJet’s president and chief executive officer, said, “We are very pleased to obtain overwhelming support from our security holders. Receiving this support is an important step on our path to closing the transaction,