Toronto-listed private equity firm Onex is to buy back up to 8.6 million shares during the next twelve months.
The firm’s shares were trading slightly up at market close, at C$60.98.
With offices in Toronto, New York and London, Onex has approximately $19bn of assets under management, including $6bn of Onex capital, in private equity, credit securities and real estate.
Earlier this year the firm, together with Canada Pension Plan Investment Board, sold Gates Corporation to Blackstone Group for $5.4bn.
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