Clairvest to acquire Discovery Air in take-private deal

Clairvest Group has agreed to acquire Etobicoke, Ontario-based Discovery Air Inc, a specialty aviation and logistics company, in a take-private deal. According to terms of the transaction, Clairvest will acquire shares in Discovery Air it doesn't already own at $0.20 per share. Once the deal closes, Discovery Air Inc will stop trading on the Toronto Stock Exchange.

DealsNorth AmericaUSBriefs