CALGARY, July 26, 2019 /CNW/ - WestJet Airlines Ltd. (TSX: WJA) ("WestJet") today announced that the Court of Queen's Bench of Alberta has granted a final order approving the previously announced proposed transaction with Onex Corporation ("Onex") (TSX: ONEX) (the "Arrangement"). The Arrangement was approved by more than 92.5 per cent of shareholders and optionholders who voted at a special meeting of WestJet held on July 23, 2019.
The Arrangement is still subject to other conditions to closing, including receipt of the remaining regulatory approvals.
Further information regarding the Arrangement is provided in WestJet's management information circular dated June 19, 2019. Assuming the timely receipt of the remaining regulatory approvals, the transaction is expected to close in the latter part of 2019.