Gerald W. Shwartz

November 25, 2008 19:00 ET

Purchase of Onex Corporation Shares

TORONTO, ONTARIO--(Marketwire - Nov. 25, 2008) - Gerald W. Schwartz stated today that he has acquired 237,600 subordinate voting shares of Onex Corporation in ordinary market trades through the facilities of the Toronto Stock Exchange between November 20 and November 25, 2008. The purchased shares, which were acquired through a personal holding company, represent approximately 0.19% of the outstanding subordinate voting shares and were purchased at an average price of $14.84 per share.

Mr. Schwartz now beneficially owns or exercises control or direction over an aggregate of 25,350,618 subordinate voting shares, representing approximately 20.76% of the total outstanding subordinate voting shares. Mr. Schwartz also beneficially owns and controls all of the outstanding multiple voting shares of Onex. Mr. Schwartz may acquire additional subordinate voting shares, or may sell such shares, in normal course trades, subject to market conditions.

Contact Information

  • Lori Shapiro
    161 Bay Street, 49th Floor
    Toronto, Ontario
    M5J 2S1
    (416) 943-4110