IE Staff
(October 18 – 11:10 ET) – The
European Commission’s plan to
launch a detailed review of Onex
Corp.’s plan to merger
Air Canada and b>Canadian
Airlines will not delay a Nov.
8 Air Canada shareholder meeting,
Onex said today.
“The EU review has been factored
into our timetable,” the
Toronto-based company said in a
statement.
“This is a normal procedural
step in matters of this importance,
which follows the pre-transaction
filing Onex was required to make
in Europe when it launched the
takeover bid.”
IE Staff
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