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1 yr. ago

  • From 2 different sources

    Shareholders of WestJet Airlines on Tuesday voted in favor of its deal to be acquired by billionaire Gerry Schwartz's private equity firm Onex Corp for C$3.5 billion.

    More than 92.5% of the votes cast at the special meeting were in favor of the proposed deal, the company said in a statement.

    The C$31 per share deal, announced in May, received a green light from Canada's transport minister last month.

    WestJet has reported a decline in net profit for each of the last three years, hurt by rising fuel costs, pressure on ticket prices and other problems.

    https://www.reuters.com/article/business/westjet-shareholders-approve-private-equity-buyout-idUSKCN1UI2UA/

    On May 13, 2019, WestJet announced that it had accepted an offer from Onex Corporation to purchase the company, a $5-billion deal that would require shareholder approval (in July) and regulatory approval. The offer was for $31 a share, substantially higher than the closing price of approximately $18 at the close of trading on the previous business day.

    https://en.wikipedia.org/wiki/WestJet

    Seems they were losing money and the offer was too good to pass up.

  • It's either Marlaina or Druggie screaming into the void these days.

  • Up until 2019 Westjet was employee-owned.

    Now ...

    WestJet Airlines Ltd. is operated by WestJet Group, a private company, incorporated and domiciled in Canada, which since December 2019 has been owned by Toronto-based private equity firm Onex Corporation. https://en.wikipedia.org/wiki/WestJet

    PE once again proving it is shit.

  • News @lemmy.world

    These Finnish homes are being heated by a surprising source: Bitcoin mining

    www.motherjones.com /politics/2026/01/finnish-homes-mara-waste-heat-bitcoin-mining/
  • News @lemmy.world

    How Trump is using violent tragedies to divide America

    www.motherjones.com /politics/2026/01/trump-violence-assassinations-mass-shootings-ice-lies/
  • World News @lemmy.world

    Macron issues stern warning to French defense industry

    www.lemonde.fr /en/economy/article/2026/01/16/emmanuel-macron-issues-stern-warning-to-french-defense-industry_6749479_19.html
  • World News @lemmy.world

    Putin holds calls with Iran and Israel, offers mediation amid unrest

    www.lemonde.fr /en/international/article/2026/01/16/putin-holds-calls-with-iran-and-israel-offers-mediation-amid-unrest_6749499_4.html
  • World News @lemmy.world

    Benedictine nuns of Montmartre spent 40 years 'under duress,' report finds

    www.lemonde.fr /en/france/article/2026/01/16/benedictine-nuns-of-montmartre-under-duress-for-40-years-report-finds_6749480_7.html
  • The master masturbator negotiator.

  • As part of NATO’s enhanced Forward Presence in Latvia, Canada has more than 2,000 troops deployed under Operation Reassurance.

    Maybe do a bit of research before screaming.

  • World News @lemmy.world

    Thousands descend on village after woman's social media plea

    www.bbc.com /news/articles/cx2y9805g8go
  • World News @lemmy.world

    Iran protests: Authorities demanding large sums for return of protesters' bodies, BBC told

    www.bbc.com /news/articles/c4g5md1n1yxo
  • News @lemmy.world

    Judge allows offshore windfarm halted by Trump to resume construction

    www.theguardian.com /us-news/2026/jan/15/wind-project-trump-judge
  • World News @lemmy.world

    Ukraine war briefing: Russian attack destroys Kharkiv energy facility as UK pledges emergency support

    www.theguardian.com /world/2026/jan/16/ukraine-war-briefing-russian-attack-destroys-kharkiv-energy-facility-as-uk-announces-emergency-support
  • World News @lemmy.world

    Trump-linked figures lead talks on $200m European pipeline contract

    www.theguardian.com /us-news/2026/jan/16/rump-linked-figures-talks-european-pipeline-contract
  • News @lemmy.world

    Woman dragged from car by ICE identified as U.S. citizen Aliya Rahman

    www.cbc.ca /news/world/aliya-rahman-citizen-ice-arrest-9.7047853
  • News @lemmy.world

    Blaming 'wine moms' for ICE protests is an old tactic with a new target

    www.cbc.ca /news/world/renee-good-killed-wine-moms-9.7046379
  • What's in the Epstein files is the one thing that could bring that motherfucker down. His base will handle a lot of shit but raping 14 yr olds isn't one of them.

  • I prefer it if Krispy Gnome had to prove she was human.

  • As always, ACAB.

  • Canada @lemmy.ca

    Toronto police officer charged in theft of government IDs, bank cards

    www.cbc.ca /news/canada/toronto/toronto-police-officer-charged-9.7047867
  • Trust Druggy and his crew of thieves to keep giving their buddies taxpayer dollars.

    Still loving the PC's Ontario?

  • News @lemmy.world

    How a billionaire with interests in Greenland encouraged Trump to acquire the territory

    www.theguardian.com /us-news/2026/jan/15/ronald-lauder-billionaire-donor-donald-trump-ukraine-greenland
  • Canada @lemmy.ca

    PetroChina meeting obstacles as it seeks to buy northern Alberta pipeline stake

    www.cbc.ca /news/canada/edmonton/petrochina-pipeline-south-bow-9.7042746
  • As always, ACAB.

  • Germany, the Netherlands, Sweden and Canada are sending troops to Greenland

  • Some European sources are stating the obvious and using honest language. For many Western nations they still seem to be playing with words 'cause they're scared of the repercussions.

  • The reason I used Daily Beast was because I was looking for info on Icelist earlier today to see if there was any news on what happened ... and Daily Beast was the only site that had up-to-date info.

  • Do you not think Russia has access to multiple botnets?

  • whoosh

  • Cunty McCuntface screaming into void.

  • Same as with cars. Everyone just wants to press a button and go.

    • you're
    • I'm not American