Advertisement
LOGIN | Welcome, Guest.
  ABOUT US   |   CONTACT US   |   SUBSCRIPTION CENTRE   |   ADVERTISE   |   SITEMAP   |   
CHC shareholders vote yes to First Reserve takeover
Written by Administrator   

May 1,  2008, Vancouver - Shareholders of CHC Helicopter Corp. (TSX:FLY.A) have voted overwhelmingly to accept a $3.7-billion takeover by First Reserve Capital Corp.

First Reserve agreed in February to pay $32.68 for each of CHC's class A and class B shares. The company will also assume assume about $800 million in debt and includes the assumed liability associated with off-balance sheet aircraft leases, which the company said is to be about $1.4 billion or $1.5 billion.

 
printemailpdf
text size   A A A A
Related Articles

HAC Success Reflects Industry Boom
by Ken Armstrong | 10/15

HAI Announces Recipient of the 2008 Aviation Maintenance Technician Award
by | 11/13

PZL Mielec Taking A Sustainable Approach to Manufacturing
by | 11/28

Turbomeca Limited becomes Turbomeca UK and enlarges its activities’ scope
by | 01/11

Editorial: Delivering the Goods
by Drew McCarthy | 04/02

Advertisement