Deal for Custom Helicopters finalized
February 1, 2012 ByCarey Fredericks
Feb. 1, 2012, Winnipeg - Exchange Income Corporation announced today the successful completion of its acquisition of Custom Helicopters Ltd., a provider of helicopter-based aviation services in Manitoba and Nunavut.
The acquisition was first announced on January 12, 2012. The Corporation paid a total purchase price of $29 million, of which $4.3 million was paid through the issuance of 170,121 common shares and the balance, $24.7 million, was paid in cash.