Gerald W. Schwartz

November 25, 2013 22:30 ET

Sale of Onex Corporation Shares

TORONTO, ONTARIO--(Marketwired - Nov. 25, 2013) - New PCo Investments Ltd., a company controlled by Gerald W. Schwartz, stated today that it has sold 1,000,000 subordinate voting shares of Onex Corporation ("Onex") to Onex in a private transaction. The shares, which represent approximately 0.9% of the outstanding subordinate voting shares, were sold at a price of $56.50 per share.

The transaction was approved by the independent members of the Onex Board of Directors and was consummated at a discount to the most recent closing price of the Onex subordinate voting shares and to the most recent twenty-day average closing price.

Mr. Schwartz now beneficially owns or exercises control or direction over an aggregate of 20,108,018 subordinate voting shares, representing approximately 17.8% 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
    M5J 2S1
    (416) 943-4110