TSX:ONEXCapital Markets
Onex (TSX:ONEX) Could Be 17% Above Fair Value Following $26.5 Million Settlement
Onex (TSX:ONEX) is back in focus after a shareholder class action involving its role in the PowerSchool acquisition reached a proposed cash settlement of US$26.5 million, with court approval still pending.
Recent trading around Onex reflects that mix of legal overhang and longer track record. The share price is at CA$110.50 after a 1-day share price return of 2.64%, yet the year to date share price return is down 3.06% and the 1-year total shareholder return has declined 10.8%, even though...