Gerald W. Schwartz

September 27, 2010 17:21 ET

Onex Stock Sale

TORONTO, ONTARIO--(Marketwire - Sept. 27, 2010) - The Gerald Schwartz and Heather Reisman Foundation, a private foundation established by Mr. Schwartz and Ms. Reisman for charitable purposes and controlled by Gerald W. Schwartz, stated that it has sold 1,000,000 subordinate voting shares of Onex Corporation. The shares, which represent approximately 0.085% of the outstanding subordinate voting shares, were sold today at a price of $28.25 per share in a private transaction. In addition, a company controlled by Mr. Schwartz expects to donate 700,000 subordinate voting shares of Onex Corporation to the Foundation later this week. Subsequent to the completion of these transactions, the Foundation would hold a total of 1,348,500 Onex subordinate voting shares and has no current intention to sell or otherwise dispose of any shares.

Including the shares held by the Foundation, Mr. Schwartz continues to beneficially own or exercise control or direction over an aggregate of 23,113,018 subordinate voting shares, representing approximately 19.54% of the total outstanding subordinate voting shares. Mr. Schwartz also beneficially owns and controls all of the outstanding multiple voting shares of Onex.

Contact Information

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