Onex Corp Hungry For Restaurant, Retail Deals To Lighten $2.2B “War Chest” (TSE:OCX)


Onex Corp. (OCX.TO) is hungry to buy more companies in the restaurant and retail space, says the firm’s senior managing director, the Financial Post has reported.

The stock increased 0.58% or $0.46 on September 13, hitting $80.34. About 113,543 shares traded hands or 14.04% up from the average. ONEX Corporation (TSE:OCX) has declined 0.91% since February 5, 2016 and is downtrending. It has underperformed by 17.39% the S&P500.

Onex Corporation is a private equity firm. The company has a market cap of $8.31 billion. The Firm operates in eight divisions: Electronics Manufacturing Services, Healthcare Imaging, Health and Human Services, Building Products, Insurance Services, Packaging Products and Services, Credit Strategies, and Other Businesses. It currently has negative earnings. The Company’s Other businesses include aerospace automation, tooling and components, aircraft leasing and management, business services/tradeshows, restaurants, hospital management services, survival equipment and plastics processing equipment.

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