onex corporation (ONEXF) Key Developments
Blackstone Reportedly Acquires Complex From Onex
Jun 23 15
The Blackstone Group L.P. (NYSE:BX) through its fund Blackstone Property Partners acquired retail mall and parking garage at Sky View Parc for approximately $400 million from Onex Corporation (TSX:OCX), according to sources. Eastdil Secured handled the sale for Onex. Blackstone did not comment to Crains.
Onex Reportedly Interested In Spirit AeroSystems' Unit
Jun 12 15
Onex Corporation (TSX:OCX) is interested in buying the fabrication unit at Spirit AeroSystems, Inc., reported Bizjournal citing multiple sources with knowledge of the situation. According to an e-mail sent on June 11, 2015, to Machinists Union members by President of Machinists District 70, Frank Molina, Onex is considering buying the unit and has also expressed interest in building a new local facility for it that would create additional jobs over the next few years. According to the information, Frank Molina said the union is prepared to meet with Onex and discuss its plans. Molina did not return calls for comment, but multiple sources confirmed receiving his letter. Onex said it does not comment on speculation. Spirit spokesperson Jarrod Bartlett offered this statement from the company,“It is critical to efficiently build capacity to support demand for our products. We are exploring our make-buy strategy and what differentiates us in the marketplace, and we are testing the market. We have nothing to announce at this time.”
Onex Corporation Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015
May 15 15
Onex Corporation announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company's revenues were USD 4,808 million compared with USD 4,589 million a year ago. Loss before income taxes and discontinued operations were USD 132 million compared with USD 55 million a year ago. Loss from continuing operations were USD 154 million compared with USD 69 million a year ago. Net loss for the period was USD 84 million compared with net earnings of USD 99 million a year ago. Loss from continuing operations attributable to equity holders of the company was USD 176 million or USD 1.61 per basic and diluted share compared with USD 84 million or USD 0.75 per basic and diluted share a year ago. Net loss attributable to equity holders of the company was USD 107 million or USD 0.98 per basic and diluted share compared with USD 40 million or USD 0.36 per basic and diluted share a year ago. Net cash flows from operating activities were USD 375 million compared with USD 28 million a year ago. Purchase of property, plant and equipment was USD 186 million compared with USD 86 million a year ago.
Onex Corporation Declares Quarterly Dividend, Payable on July 31, 2015
May 14 15
Onex Corporation announced its Board of Directors has approved a 25% increase in the quarterly dividend to CAD 0.0625 per Subordinate Voting Share, reflecting the company's success and ongoing commitment to its shareholders. This follows previous increases to the dividend in 2013 and 2014. The increased dividend is payable on July 31, 2015 to shareholders of record on July 10, 2015.
Onex Corporation - Shareholder/Analyst Call
Apr 23 15
Annual meeting of shareholders