Onex Corporation
TSX : OCX

Onex Corporation

December 17, 2010 10:02 ET

Onex Comment on Market Rumour Regarding Husky International

TORONTO, ONTARIO--(Marketwire - Dec. 17, 2010) -

All amounts in Canadian dollars unless otherwise stated

Onex Corporation (TSX:OCX) is aware of certain press reports published today with respect to the possible sale by Onex of Husky International Ltd. ("Husky"), an Onex Partners operating company. Onex is continually considering potential opportunities with respect to its operating companies and does not comment on rumour or speculation with respect to any particular business or potential transaction. Onex has not made a decision to sell Husky and has not received any offers for the acquisition of the company.

About Onex

Onex is one of North America's oldest and most successful investment firms committed to acquiring and building high-quality businesses in partnership with talented management teams. Onex manages investment platforms focused on private equity, real estate and credit securities. In total, the company manages approximately US$13 billion, of which US$9 billion is third-party capital. As well, Onex invests its own capital directly and as a substantial limited partner in its Funds.

Onex' businesses generate annual revenues of $37 billion, have assets of $42 billion and employ more than 240,000 people worldwide. Onex shares trade on the Toronto Stock Exchange under the stock symbol OCX. For more information on Onex, visit its website at www.onex.com. The Company's security filings can also be accessed at www.sedar.com.

Contact Information

  • Onex Corporation
    Emma Thompson
    Vice President, Investor Relations
    416.362.7711
    ethompson@onex.com