TSX:ONEXCapital Markets
Onex Resets Voting Control And Sells Emerald Holding As Investors Reassess
Onex (TSX:ONEX) has approved a change to its share voting structure, altering the rights attached to its Subordinate Voting Shares (SVS) and Multiple Voting Shares (MVS) following an Event of Change.
The company has also agreed to sell Emerald Holding Inc., of which it owns over 90%, to Apollo Funds, with Emerald set to be taken private.
Onex, trading at CA$113.93, is in a middle ground on value with a value score of 2 and a mixed return profile across different time frames. The stock is...