WestJet to go non-public in C$5 billion deal By Reuters

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© Reuters. WestJet airline signage is pictured at Vancouver’s international airport in Richmond,

(Reuters) – Canada’s WestJet Airlines Ltd said on Monday it will be acquired by private equity firm Onex Corp in an all-cash deal valued at C$5 billion ($3.72 billion), including debt.

Under the terms of the agreement, WestJet shareholders will receive C$31 for each share held.

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