ACE Aviation Holdings has sold its 31 million shares of Air Canada (AC) to Cormark Securities, four years after its initial attempt to dissolve the company.
ACE Aviation Holdings has sold its 31 million shares of Air Canada (AC) to Cormark Securities, four years after its initial attempt to dissolve the company. The deal also includes 2.5 million warrants to purchase AC shares at exercise prices of C$1.51 (1.25 million warrants) and C$1.44 (1.25 million warrants) and is expected to generate net proceeds of approximately C$58 million for ACE. “ACE no longer holds any shares or warrants in the capital of Air Canada,” it ...
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